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Money Doesn’t Come Without Guidance ...

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24
May

HOW WILL A TAXPAYER DEAL WITH DAMAGED OR DESTROYED PROPERTY DUE TO DISASTERS?

If a taxpayer is affected by a disaster, for example, a flood, bushfire or storm, then the taxpayer can claim their loss of damaged or destroyed property. If a taxpayer's personal assets such as h...

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24
May

15-YEAR EXEMPTION CGT CONCESSIONS FOR SMALL BUSINESSES

The Capital Gains Tax (CGT) concessions for small businesses apply to provide a measure of CGT relief to eligible small business taxpayers for disposal of certain assets. Once the owner has qualifi...

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24
May

EXPLAIN AN INDIVIDUAL'S TRANSITION TO RETIREMENT

Now you are able to draw down some of your super benefits while still working. The policy is known as the transition to retirement which allows you to maintain a comfortable lifestyle by supplementing...

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24
May

WHY DO SHARES AND OTHER SECURITIES BECOME WORTHLESS?

When a liquidator or administrator declares that the shareholder or bondholder will receive no further distribution in case of winding up the company, then securities of that company become worthless....

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24
May

WHAT IS REMISSION OF PENALTIES AND HOW CAN AN INDIVIDUAL REQUEST A REMISSION OF PENALTY?

Now and then, you may find that you have been penalised by the Australian Tax Office (ATO) for misconduct. This misconduct may arise for not taking reasonable care in claiming a deduction to which you...

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