How To Avoid Capital Gains Tax On Your Investment Property

Selling property can mean making a profit if you manage to sell for more than your purchase price. But, profits can trigger tax obligations. In this blog, we share our top tips on how to minimise or avoid capital gains tax on your investment property.   What is capital gains tax and how much is […]

Unlocking Success: How Chartered Accountants Empower Australian Startups to Soar

As an entrepreneur, starting your own business can be a daunting task. You have to take into account financial planning, management, and compliance with regulations, among other things. With a plethora of responsibilities on your shoulders, it can be challenging to keep up with the demands of running a business. However, with the help of […]

Gamifying Cash Management in Your Business

Cash is a crucial element for any business to function. In our recent newsletter, we discussed the dissimilarity between cash and profit. The ideal situation for a business is to have favourable inventory terms, customers paying immediately, and minimal reinvestment requirements. When these factors work in your favour, the cash generated from profits becomes available […]

8 Ways To Protect Your Small Business’s Assets

There will always be risks in business, especially now that we live in a digital world that relies on technology 24/7. The thing is that businesses can’t put their safety and security on the line as they will suffer from brand mistrust, the loss of hundreds of customers, and financial ruin. So if you’re a […]

ChatGPT 4.0 for Australian Tax Accountants

Tax accountants, rejoice! The Australian Taxation Office (ATO) has bestowed upon us a gift – CHGPT 4.0, the latest web-based system designed to make our lives easier. But what exactly is CHGPT 4.0, and why should we care? Let’s dive in and find out. First off, let’s address the elephant in the room. CHGPT? What […]

Paying Taxes as an Artist on Patreon

If you’re an online content creator, you’ve probably heard of the crowdfunding platform Patreon. Perhaps you’ve even got a Patreon account, or are thinking of setting up one. Patreon is a great way for creatives to boost their income while creating the art they love. Artists can receive donations from patrons, and even offer tiered […]

Taxes And Dropshipping in Australia?

Are you thinking about setting up a dropshipping store in Australia? Maybe you’re already selling products online, and you’re wondering how taxes work. If so, you’re not alone! As more Australians look for ways to supplement their income, online side hustles such as dropshipping are becoming increasingly popular. But there is a lot of confusion […]

How to Lodge Airbnb Income in Your Tax Return

Since its inception in 2009, Airbnb has allowed thousands of Aussies to make an extra buck by providing short-term accommodation to holiday makers and business visitors alike. But while participating in the ‘sharing economy’ can create a quick and easy extra income stream, short term rentals are subject to certain tax policies in Australia. So […]

Taxes for Social Media Influencers & Instagram

Every year, more Australians are ditching the office and making their living on platforms like Instagram, Facebook, Tiktok, and Patreon. While for some people, these platforms provide a bit of extra ‘pocket money’, for others, being an influencer pays massive dividends into the six and sometimes even seven figures every year. But whether you’re making a few […]

Do Twitch Streamers & YouTubers Pay Taxes?

Have you picked up an online side hustle recently? The last few years has certainly inspired many people to try and earn some extra cash from streaming on Twitch or publishing on YouTube. It’s easy to see why. Twitch and Youtube are easy to set up, have low running costs, and they’re fun! But whether you’re planning on becoming the […]