Defy Gunadi's Posts
Each year, countless Australian taxpayers, eager to receive their tax refunds, rush to file their tax returns within the first two weeks of July. However, the Australian Taxation Office (ATO) strongly advises against this rush to lodge income tax returns on July 1, 2024, or in the days immediately following. Instead, waiting until all income […]
Recently, we have written three separate articles detailing tax planning strategies for various types of taxpayers. In this article, we’ve condensed everything into a bite-sized news piece. As the end of the financial year approaches, strategic tax planning becomes imperative for all taxpayers. Whether you’re an individual, a property investor, or a small business owner, […]
As we enter June 2024 proves to be a pivotal year for general taxpayers, property investors, and business owners. With inflation hitting hard, a vast majority of Australians are struggling to afford basic necessities, let alone save money. The Reserve Bank’s ongoing battle against inflation has led to frequent interest rate hikes, resulting in substantial […]
Investment Property Deductions The majority of property owners in Australia purchase investment properties because they offer both capital appreciation and a steady income stream in the form of rental income. According to the latest ATO data, over 2.2 million Australians own at least one investment property. This shows that the ATO not only keeps track […]
Investment Property Tax Guide Recently, the Australian Taxation Office (ATO) has announced that property expense claims will be a focal point of their scrutiny. This initiative stems from observations that some taxpayers tend to overclaim their investment property expenses. Even those who enlist the services of an accountant are not safe to these discrepancies. In […]
Are you leveraging your home as an Air BNB to rent out a space for additional income, or considering it to offset the rising interest expenses following recent Reserve Bank adjustments? If so, it’s crucial to be aware of your tax responsibilities and the potential deductions available for your incurred expenses. Our series has extensively […]
Picture this: July rolls around and your paycheck seems just a bit heavier than it did in the last fortnight of June. For middle-income earners across Australia, this isn’t just wishful thinking—it’s about to become reality. In a significant overhaul of tax legislation, the Australian government has revised the previously proposed Stage 3 tax cuts, […]
Business Structure: 5 Powerful Reasons operating Business Are you considering starting your own venture, already managing your business as a sole trader, or an entrepreneur assessing whether your existing business structure aligns with your goals? If so, this article is tailored for you. For new business owners, approaching entrepreneurship with a clear understanding and realistic […]
6 Reasons for Discretionary or Family Trust in Your Business: Are you thinking of starting a business and wondering which structure is best for your new venture? Small businesses in Australia are undeniably the backbone of our economy, playing a pivotal role in its strength and resilience. Astonishingly, 97% of all businesses in the country […]