Capital Gains Tax (CGT)

Tracking sales tax, also known as Goods and Services Tax (GST), is crucial for businesses operating in Australia. Accurate tracking ensures compliance with tax regulations and helps in maintaining transparent financial records. Here’s a comprehensive guide on how to track GST effectively. Understanding GST GST is a value-added tax of 10% on most goods and

No one enjoys paying taxes, and Capital Gains Tax (CGT) often tops the list of least favourite taxes. However, CGT has some redeeming features: it’s only payable when you dispose of an asset, and if you’ve held it for at least a year, you get a 50% discount to account for inflation. Additionally, death doesn’t

A comprehensive guide on which CGT concessions you can and can’t access when considering selling your business. Selling a business often leads to a significant capital gain, which in turn, means a hefty tax bill. Luckily, there are various CGT (Capital Gains Tax) concessions available that can reduce your CGT by 50% or more. But

Capital Gains Tax on Property in Australia Capital gains tax (CGT) is a crucial consideration for anyone buying, selling, or investing in property in Australia. Understanding how CGT works can help you make informed decisions and potentially save money. Here’s what you need to know about CGT on property in Australia. What is Capital Gains

Running a small business comes with numerous financial responsibilities, including managing the Goods and Services Tax (GST). Understanding how GST works and whether your small business can claim it back is essential for effective financial management. What is GST? The Goods and Services Tax (GST) is a value-added tax of 10% on most goods, services,