ATO debt on hold notices

ATO debt on hold notices

Please be aware the Australian Taxation Office can put a debt on hold if they determine it is uneconomical to pursue. This could be due to one of the following reasons: the age of the debt, the anticipated cost of future recovery is likely to exceed the amount of the...
Due diligence when purchasing a business

Due diligence when purchasing a business

When considering to buy a business, it is essential to conduct due diligence to thoroughly investigate all aspects of it before making a binding decision to buy. The due diligence process involves the buyer making sure that they are not making a risky or poor...
Record keeping for investment properties

Record keeping for investment properties

When you own an investment property, it is important to keep records of all associated costs and expenses for the whole duration that you own the property. Good record keeping will not only help with tax time but also important when you want to sell your investment...
Changes to Queensland Land Tax Rules

Changes to Queensland Land Tax Rules

Changes to Queensland Land Tax Rules From 30 June 2023, land tax for Queensland landowners will be calculated based on their Australia-wide landholdings. Queensland land tax payable will still be based on the land value of the taxpayer’s Queensland landholdings...
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