As usual, it’s time to organise your EOFY tax return, but it might be different this year. That’s because the ATO is now using cryptocurrency data matching to identify false tax deductions. While they are still keeping an eye on work-related expenses and asset write-offs,...
Thinking Ahead: Ensure Your Assets Are Protected! A self-managed super fund (SMSF) is a private superannuation fund that is run by an individual or appointed trustee. A SMSF is often more suitable for individuals who have larger supers, a breadth of knowledge in finance and extensive...
On October 22nd, 2018, the Australian Government released a document proposing the implementation and amendments to improve the integrity and operation of Division 7A. This was in response to the Government’s investigation for improvements to the Income Tax Assessment Act 1936.Division 7A BackgroundIf you’re a...
Queensland and New South Wales farmers are suffering through another severe and long drought. Did you know there are special government payment plans that can be utilised to ease the stress of tax reporting? Continue reading if you would like to know of these payment...
At Conrad Carlile, we think it is important for everyone to understand how the budget affects you. There are so many aspects that aren’t important, but how does it affect the small business owner from a wealth management perspective? We’ve written up a few of...