Understanding Deceased Estate Tax & Capital Gains: What Beneficiaries Need to Know
Inherited a property from a loved one? Learn how deceased estate tax and capital gains tax (CGT) apply in Australia — including the 2-year ATO exemption rule, extension options, and how cost base is calculated. Get professional help from your local accountant and tax agent in Ashfield, Inner West Sydney, Belrose, Northern Beaches, and Adelaide.
Director’s Personal Liable for Good and Service Debt
Do you know that the director is personally liable for Good and Service Debt, PAYG debt and superannuation guarantee debt? This means that in a company structure, normally there is a corporate veil, meaning the company debt only needs to be repaid through company assets unless the director is trading while insolvent or breaches certain […]
Are you claiming the maximum work related deduction for your Tax Return FY2022
Tax return 2022 is here. At EndureGo Tax, the leading CPA accountant and tax agent in Inner West Sydney, Ashfield, Northern Beaches Belrose, and Adelaide, South Australia, we are here to help you. It is essential to remember that the work-from-home office expense shortcut method of 80 cents per hour, which the ATO introduced during […]
Tax Basics for Nonprofit Organization
The nonprofit organization operates in many areas of our society; this will include: Church schools Churches in the community Childcare centers Cultural societies Environmental protection societies Neighborhood associations Public museums and libraries Scholarship funds Scientific societies Scouts Sports clubs Surf lifesaving clubs Traditional service clubs. Before venturing into establishing a nonprofit organization, it’s crucial to […]
