EndureGo Tax Advocates for Tax-Free Gym Memberships

At EndureGo Tax in Inner West Sydney, we prioritize understanding the intricacies of tax legislation to serve our clients better. The proposal to make gym membership tax free benefit marks a significant stride towards aligning tax regulations with contemporary lifestyles. By allowing individuals to deduct gym membership expenses from their taxes, we acknowledge the importance […]

Understanding Vacancy Fee Obligations for Foreign Property Owners

Are you a property owner in Australia, particularly in the Inner West Sydney area? The Abanese government’s focus on foreign-owned properties might affect you. Labor suggests that rising property prices result from excessive foreign ownership and insufficient rental activity. Imagine receiving a letter from the government demanding an annual vacancy fee return of up to […]

Latest Tax Breaks for Inner West Sydney Businesses

The Australian Government’s recent update for the 2023–24 financial year brings exciting news for small businesses— a significant increase in the instant asset write-off threshold. This boost revealed during the Federal Budget announcement on May 9, 2023, aims to enhance cash flow for small businesses and simplify compliance. So, what does this mean for you […]

Unlocking Tax Insights: ATO’s New Moves in the Inner West Sydney

Greetings, Inner West Sydney landlords! Get ready for an exclusive update on the latest tax regulations that could impact your rental property. The Australian Taxation Office (ATO) is gearing up its efforts, specifically targeting NSW rental bond income. Here’s a quick overview: The ATO’s Data Boost Prepare for a data influx! The ATO is set […]

Breaking News Alert! ATO Scandal Unveiled: What It Means for Inner West Sydney Businesses

A shocking revelation exposes up to 150 internal staff members at the Australian Taxation Office (ATO) in an alleged $80 billion systematic fraud scheme. This scandal significantly impacts Inner West Sydney businesses. EndureGo Tax’s Response to ATO Fraud Scandal EndureGo Tax, a local accounting firm in Inner West Sydney, encountered peculiar cases amidst the ATO […]

Unlocking Economic Relief: PM Albanese’s Tax Cut Overhaul for Middle Australia

Pending approval, proposed tax changes redirect benefits from high-income earners to target the “middle Australia.” The plan aims to streamline tax structures for equitable distribution. Inner West Sydney Residents Face Key Tax Modifications Approved changes include raising the tax-free threshold to $19,000, implementing a 16 percent tax rate for lower-income earners, and lowering the top […]

RBA Holds Steady: Unwrapping the Festive Season with Cash Rate Stability

🎄 ✨  Jingle Bells, Interest Swells! 🌟 🏡 Hey, Aussie fam! 🇦🇺 👋 Guess what Santa brought early this year? 🎅 🎁  The Reserve Bank of Australia just announced that they’re keeping the cash rate steady during the festive season! 🌲 ✨  Could it be a little pre-Christmas magic or just a thoughtful gesture for our wallets? 🤔 While it might feel […]

The Australian Taxation Office (ATO) is stepping up its efforts to ensure timely Super Guarantee (SG) payments, and they mean business!

Important Tax Update! Stay informed about super guarantee payment with these crucial details: Enhanced Data-Matching: The ATO is expanding its data-matching capabilities, using information reported through Single Touch Payroll (STP) Phase 2 and other sources for detecting late SG payments. Take Proactive Measures: Employers failing to meet SG contributions on time or not filing super […]