Does Your Small Business Need to Lodge a TPAR?

Does Your Small Business Need to Lodge a TPAR?

What is TPAR?  The Taxable Payments Annual Report (TPAR) is a report that certain businesses in Australia must lodge with the Australian Taxation Office (ATO). The TPAR is used to report payments made to contractors for services they provide. This requirement aims to...
Essential Tips When Lodging Your SMSF Annual Return

Essential Tips When Lodging Your SMSF Annual Return

When collating information to submit to your accountant for lodging your 2024 SMSF annual return, there are a few common mistakes to avoid that can save you time, effort, and potential penalties.  1. Correct Information  Double-check all personal and financial details...
Strategies to Reduce Capital Gains Tax

Strategies to Reduce Capital Gains Tax

Whether you’re a seasoned investor or a small business owner looking to reduce your Capital Gains Tax (CGT), understanding the available options is crucial. The Australian Taxation Office (ATO) provides several ways to legally lower the CGT you owe when selling...