Earning Personal Services Income & What You Can Do About It
Ever walked into an accountant’s office hoping to get some tax advice about distributing some business income to your spouse or children but were told that it is not possible
Category: Tax Planning
Capital Gains Taxes (CGT) Exemptions/Concessions for Small Business
Small businesses in Australia have a few capital gains tax (CGT) exemptions and concessions available to them to eliminate, reduce or defer the capital gains on disposing of an eligible
Principal Place of Residence (PPOR) & Capital Gains Taxes (CGT) for Residents
Most real estate located in Australia is subject to capital gains tax (CGT). This includes vacant land, business premises, rental properties, holiday houses and hobby farms. Your ‘main residence’ is
GST Margin Scheme & What it Means for an Investor
Some time ago, I heard the woeful tale of an investor who couldn’t claim a GST refund for his commercial investment property. Sadly, he had not sought his conveyancer’s and
Malaysia-Australia Double Taxation Treaty
What is Double Taxation? Double taxation arises when two or more countries impose taxes on the same taxpayer in respect of the same taxable income. This results in the same
Australia & Singapore Now Share Financial Data to Fight Tax Evasion
The Australian Taxation Office (ATO) and The Inland Revenue Authority of Singapore (IRAS) entered into a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information based on
ATO’s Data Matching Program
Have you heard about the ATO’s data matching program? If not, here are some salient points. ATO matches external data with their own to help them ensure that individuals and
Singapore-Australia Double Taxation Treaty
What is Double Taxation? Double taxation arises when two or more countries impose taxes on the same taxpayer in respect of the same taxable income. This results in the same
Is Your Side Hustle a Hobby or Business?
Nearly everyone knows someone with a side hustle. Just to name a few examples, this may include backyard sale of plants, sale of home-made crafts via Facebook Marketplace, online sale
I am a Sole Trader. Do I pay myself a wage?
A sole trader is an individual running a business. It is the simplest and cheapest business structure. If you operate your business as a sole trader, you are the only