Exempt income not subject to tax?

Exempt income not subject to tax?

In Australia, there is certain income that is not subject to tax. It may be possible that you possess income that is not subject to tax. This means that it will not be included as part of your assessable income, however, it may be used to in other calculations for...
What Business Structure is right for you?

What Business Structure is right for you?

So you’re all excited, you’re going into business and can’t wait to start. To make sure you get off on the right foot, it’s important to plan properly and set your business up correctly. The most common types of business structures in Australia...
Payment Arrangements with the ATO

Payment Arrangements with the ATO

It is not uncommon for businesses or individuals to have trouble paying their tax debts at one stage or another. To help with this, the ATO offers payment arrangements to help in paying off tax debts as they arise. These arrangements assist tax payers by allowing them...
Selling Property over $2 Million

Selling Property over $2 Million

Are you selling or looking at selling property that is valued at $2 million or more? Those who are looking at selling property valued at 2 million or more, need to be mindful of new rules that will be applicable from the 1st of July 2016 onwards. What needs to be...