What is a Self Managed Superannuation Fund (SMSF)? The Self Managed Superannuation Funds (SMSF) are privately managed trusts that are run by the trustees of the fund. All SMSF trustees are responsible for the compliance of their trusts with Australian superannuation legislation. What are the key dates to lodge the annual SMSF tax return? Here…
What is a section 52? A section 52 is a formal statement which is prepared when a vendor, (seller) of a small business would like to sell their business. These statements must be prepared for business purchases under $450,000 in total value. The statement must be prepared using the prescribed form under the Estate Agents…
Small businesses are set to be contacted in the month of September by the Australian Business Register. According to reports the sample size of small businesses to be contacted is close to 8 million. As per the ABR, the objective is to ensure that details on the register are up to date. Questions may be…
Esate agents Trust account audit is an important and a vital compliance activity that retains faith in the money management aspect of a trust account maintained by Real Estate agents and conveyancers. We carry out numerous estate agent trust account audits each year and hence offer a fixed fee service and also a quick turnaround.…
In order to correctly prepare a 482 VISA Tax Return and to understand an individual’s tax situation one of the most important concepts to be determined here is tax residency. Tax residence is different from residency for immigration purposes. In a tax return, the tax residency status on a 482 Visa tax return could either…
If you are an Uber Driver and looking for a tax accountant to get your Uber tax return completed, your search ends here. At A One Accountants we have prepared and lodged numerous Uber tax returns till date. We have below compiled a list of frequently asked questions from our current clients and attempted to…
Negative Gearing and CGT discounts are here to stay! Are we at the end of the property downturn? Is it a good time to buy? Seldom does it happen that within just a week so much transpires that it shakes the economic outlook completely of a nation. From the election results to surprise announcements, every…
Capital Gains Tax Return A capital gain occurs when an asset is sold for more than it was initially purchased for. If you have experienced a capital gain, it must be included in your individual tax return, as a Capital Gains Tax Return schedule and these capital gains will then be taxed at your marginal…
