by Investment Plus Accounting Group | Aug 24, 2023 | Uncategorized
The rise of cryptocurrency as an investment and trading class has been fast-paced and unprecedented. For those unfamiliar, cryptocurrency (or ‘crypto’) is a digital currency that is traded via online platforms only and often has no physical or tangible presence. It’s...
by Investment Plus Accounting Group | Aug 15, 2023 | ATO, Tax & Accounting
If you get a big lump sum payment that’s related to an earlier year’s income, you may be able to get some tax relief on it. This is called the Lump Sum Payment (LSPIA) in Arrears tax offset. Basically, if you get a lump sum payment that’s more than $1,000 and it’s for...
by Investment Plus Accounting Group | Aug 15, 2023 | How To, Investment Property, Property Investment, Property Investment Tips, Property Tax, Tax & Accounting
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. When you undertake any subdivision of land that is not part...
by Investment Plus Accounting Group | Aug 15, 2023 | ATO, Tax Refunds
The tax refund many Australians expect has dramatically reduced. The ATO has made some changes that may affect your tax refund. It may be vastly lower than you think, or you may receive a tax bill! This could be for numerous reasons, including: The Low and Middle...
by Investment Plus Accounting Group | Aug 7, 2023 | ATO, Director Penalty Notice, Tax debts
A company structure is often praised for its asset protection benefits, as it can shield the directors from personal responsibility for the company’s debts. We look at personal liabilty for company tax debts. However, in recent times, directors have been...
