Tax Audit Tips from Michael Cranston – Past Deputy Commissioner of ATO
Facing a tax audit can be daunting, especially if you’re unprepared. In Australia, the tax-lodgement system relies on self-lodgement. You lodge both individual and business tax returns, taking responsibility for the accuracy and completeness of the data. The Australian Taxation Office (ATO) accepts the figures initially but may initiate a tax review to examine specific […]
Tax Audit – How to Minimize the Risk and the Tax Bill
Our framework in assisting customers with tax audit is based on four principles, MEET, PLAN, ANALYZE, and NEGOTIATE. ATO Targets 400 Small Businesses in March The Australian Taxation Office (ATO) will visit 400 small businesses this March, focusing on takeaway shops, hair salons, and beauticians. This initiative aims to address the under-declaration of income commonly […]
The 10 Key Elements In Tax Planning for Doctors
Are you a medical practitioner or doctor, including medical students nearing the end of their degrees? While the medical profession can be financially rewarding, the challenge often lies in optimizing tax returns. At EndureGO Tax, we understand the frustration of minimizing tax payments to the ATO and redirecting those savings for your family’s financial security. […]
Nine Steps to Own Your House Earlier than the Usual
Many people in Adelaide and Sydney have the aspiration of owning a house of his/her own sooner rather than later, however, that dream is becoming harder to achieve as house prices have skyrocketed in the past three years, and in Sydney, the house prices on average had increased by 52.6% over the past 3 years, […]
Sydney’s Property Market May Have Hit a Brick Wall
In the recent property data from October to December 2015, it seems the Sydney Property Market had decreased by 3.1%, the first drop in property prices since June 2012. That is a wow factor. The biggest drop happened in Canterbury and Bankstown, which recorded 5.3%, while the south recorded a decrease of 4.3%. Areas in […]
