At EndureGo Tax, we go beyond being a team of professional accountants and registered tax agents serving Inner West Sydney, Ashfield, Belrose Northern Beaches, and Adelaide. Our dedication to our clients and our ability to simplify complex business processes match our expertise. However, what truly sets us apart is our “can do” attitude and our knack for problem-solving. We thrive on challenges and take pride in assisting our clients in achieving the best business tax solutions possible.
Let’s take, for example, the case of a mother who approached us with an astronomical capital gains tax bill. Eight years ago, she purchased a house in Sydney with the intention of having her two daughters live there while attending university. Although she never permanently resided in the property, she would occasionally stay there during visits from her home country. After her daughters graduated, she decided to sell the property. However, the value of the house had significantly increased over the years, resulting in a capital gains tax bill exceeding $200,000.
Feeling overwhelmed and uncertain about the next steps, she sought help from the EndureGo business tax solutions experts. Our team immediately delved into her situation, conducting a thorough analysis and preparing a private ruling on her behalf. We built a compelling case and presented substantial evidence to the Australian Taxation Office (ATO), arguing that the property should be considered her main residence. Ultimately, the ATO ruled in her favor, sparing her from paying a single cent in capital gains taxes. The mother was overjoyed and greatly relieved by the outcome!
So, how did we make it happen?
Our unique combination of professional expertise, creative thinking, and unwavering determination is what sets us apart. We are committed to assisting our clients in navigating even the most complex tax situations and audits, always striving to achieve the best possible outcome.
If you ever encounter a challenging tax issue, don’t hesitate to contact us at 1800 841 312. Let us demonstrate how the EndureGo business tax solutions experts can assist you in achieving the optimal tax position for your business.