by Investment Plus Accounting Group | May 1, 2024 | Asset Protection, ATO, Business, Business Advisory, Income Tax, Peter Ristevski
*This article was originally published in www.smartcompany.com.au In the complex world of business and finance, standing out requires not just expertise but a forward-thinking approach that navigates the intricacies of law, tax, and corporate structure. The most...
by Peter Ristevski | Apr 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Staying compliant and maintaining consistency in your tax planning can lead to substantial annual savings, allowing you to allocate funds towards your priorities and the expansion of your business and wealth creation plans The Australian Taxation Office (ATO) defines...
by Peter Ristevski | Apr 18, 2024 | ATO, Income Tax, Tax & Accounting
A late tax return penalty can be substantial, but they are entirely avoidable. That is why it is important to know your tax deadlines and any penalties that may apply for failing to lodge on time and avoid late payment. In this blog, we will cover what an overdue tax...
by Investment Plus Accounting Group | Feb 25, 2024 | Income Tax, Superannuation, Tax & Accounting, Tax Deductions
As the second half of financial year unfolds, taxpayers may be exploring ways to reduce their tax liabilities before June 2024. One often overlooked avenue for tax savings lies within the superannuation system, specifically through the strategic utilisation of unused...
by Investment Plus Accounting Group | Jan 29, 2024 | Income Tax, Tax & Accounting, Tax Deductions
If you’re a taxpayer, you will be paying less tax from July. The federal government has committed to shifting tax cuts that were legislated half a decade ago to provide more benefits to low- and middle-income workers. It breaks an election promise not to touch...
by Peter Ristevski | Jan 22, 2024 | Cashflow, Government Support, How To, Income Tax
The start of the new year brings a myriad of changes, influencing various aspects such as the tax rates for many Australians and the amount of superannuation they are entitled to receive. We have put together a list of the major changes that will apply in 2024....
