Income from a rental property is generally assessable, meaning that it counts as your income for tax purposes. Likewise, common expenses such as repairs and maintenance can be deducted from the profit …
What you need to know about trust distribution resolutions
Following on from my article on 21 May 2021, https://seriouslygoodaccounting.com.au/articles/5-small-business-strategies-for-kick-starting-the-financial-year/, an essential part of tax planning for …
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Federal Budget 2021-22
The Government has decided not to go down the austerity path, which will be a relief for many taxpayers and businesses. Rather, the Government has decided to put its foot on the accelerator with …
Capital Gains Tax and My Small Business
It’s every small business owner’s nightmare. You work hard building up a business from scratch, over the years. Often you sacrifice your own salary to keep the business going. Then you decide to sell …
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