WORK RELATED SELF EDUCATION EXPENSES In general, the first thought that enters our heads when we hear the phrase Tax is that I have to pay. However ,Tax Return refers to the cash I should be receiving! Let’s face it, nobody enjoys paying taxes, including…
DetailsOnline Company Tax Returns Navigating the complexities of tax filing is a critical aspect of…
DetailsNon-compliant SMSF When you own a Self-Managed Superannuation Fund (SMSF), you must be…
DetailsWhat is an accountant letter? Banks have few options to verify your income when you ask for credit. Employees typically use pay slips, PAYG summaries (now : Income statements), and tax returns, which cannot be falsified in most cases (as you are not in control of the information recorded on your pay slips, someone else…
DetailsProperty Trust setups: Trusts were once only used by the wealthy, but in recent years, many Australians from all walks of life have begun to use them to hold their assets. Because of the tax benefits, asset protection, and estate planning advantages that trusts provide, they are becoming a more common ownership structure for Australian…
DetailsThe following is a general outline of the Hybrid trust: A hybrid trust setup combines the features of a unit trust with those of a discretionary trust. Since the underlying trust is a unit trust, any distributions will be issued in accordance with the members’ fixed unit holdings. A discretionary payment is a unique type…
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