How To (Legally) Minimise Capital Gains Tax on Investment Property?
Many Australians enter the property market with the expectation that property prices will rise. This means that you make a healthy amount of money, which is great – until capital gains tax comes into play. Capital gains tax (CGT) is the contribution of the profit you’ve made to the Australian Taxation Office (ATO). Unfortunately, tax […]
What are the Potential Disadvantages of Salary Sacrifice Agreements?
What are Salary Sacrifice Contributions? As previously mentioned, in a salary sacrifice arrangement, you agree to reduce your gross salary in return for certain benefits. These benefits might include things like a company car, childcare vouchers, or additional pension contributions. These arrangements can be quite attractive, as the benefits you receive are often exempt from […]
What Is An Accountant?
“What is an accountant?” We often hear this, especially in the context of whether they’re any different from bookkeepers. Well, the truth is, accountants are responsible for a lot. So, in this article, we’re looking at everything you can expect yours to undertake, and how they quickly become the backbone of successful businesses […]