Category: Financial planning
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How to minimise LAND TAX
What is land tax? Land tax is a tax on land value. It is based on the accumulative value of all unimproved land that you own, other than your principal place of residence in any particular state. All states and territory governments in Australia (except the Northern Territory) impose a land tax. In the Northern…
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Tax tips for Franchisee’s and small businesses
If you are looking at setting up a Franchise business or running a business already, here are some handy tax tips: Using a company structure with a flat rate of tax or a family discretionary trust Companies pay tax at a flat rate of 30 per cent of profit. Individuals pay tax at differing rates…
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Tips on buying your first home
Buying your first home is an important stage in your life. In many cases, potential home buyers feel shut out of the home market. This does not have to be the case. Even with the low interest rates in the market that ultimately push home prices higher, there are a few tips that can help…
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What are the Capital Gains Tax Implications when you sell your asset?
A capital gain is the amount by which proceeds from the sale of an asset exceeds its original cost base. Capital Gains Tax (CGT) is the tax payable on this increase in value between the date of purchase and date of sale. For investments purchased before 1985 The benefits of negative gearing and investment were…
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Hiring a tax agent in Sydney
Once June 30 arrives, its tax time for the majority of us. Its notable that even with Tax Pack and the latest updates with E-Tax, many taxpayers make mistakes on their tax returns that can either lead to a fine or paying more tax. A sensible thing to do therefore is to resort to seeking…
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Setup a Self Managed Super Fund
Maxmillian SMSF Tax Accountants and Advisers can help you Setup a SMSF in Sydney. As specialists they can advise you on the most appropriate SMSF setup and whether a SMSF is right for you.We also specialise in helping you buy property with super or SMSF property investing. Click here to make an enquiry about Self…
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Superannuation
Whether you are an employer who has set up a corporate superannuation fund for your employees, or an employee building your retirement nest egg through Superannuation Guarantee (SG) contributions into a corporate fund, you need to remain aware of how your superannuation balance is growing to meet your future needs. As a super fund member…
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Benefits of Joint Ventures – Diversify Increase Sustainable Business Cash Flows
Businesses in accounting and financial services of any size can use joint ventures to strengthen long-term relationships or to collaborate on short-term projects A joint venture can help your business grow faster, increase productivity and generate greater profits. A successful joint venture can offer: access to new markets and distribution networks increased capacity sharing of…