Focus on CGT Asset Disposals
When you dispose of an asset—sell it, lose it, swap it, or end your ownership—it triggers a Capital Gains Tax (CGT) event. This is when a capital gain or loss is crystallised and potentially needs to be reported in your…
Top Tips for Small Businesses
Running a small business is always a balancing act—managing cash flow, keeping customers happy, staying ahead of competitors, and complying with regulations. Add unexpected challenges such as shifting market conditions, rising costs, or technological disruption, and the pressure can feel…
Avoid ATO penalties: Keep Your Business Records Right
Ensuring proper record-keeping isn't just good business — it’s a legal requirement enforced by the Australian Taxation Office (ATO). Failing to comply can trigger administrative penalties, audits, or even prosecution. Here’s what you need to know to stay on the…
Earning Income from Overseas? Here’s What You Need to Know
If you're an Australian resident for tax purposes, you’re required to declare all your worldwide income in your tax return — not just what you earn in Australia. This includes money earned while working overseas, income from foreign investments, pensions,…
Residential Rental Properties: What Every Property Investor Needs to Know
Owning a rental property can be a great way to build wealth, but it also comes with tax responsibilities. If you rent out a residential property — whether it’s a house, unit, or apartment — it’s important to understand your…
Make Tax Time Stress-Free: Choose a Registered Tax Practitioner
As tax time rolls around, it’s important to make sure you’re getting the right support. If you’re using someone to help prepare or lodge your tax return or to give you tax advice, ensure they’re registered with the Tax Practitioners…
Thinking of Starting a Side Hustle? Here’s What You Need to Know About Tax
With the rising cost of living and a growing trend toward flexibility, more Australians are exploring side hustles – from ridesharing and food delivery to selling handmade goods online or freelancing. But if you’ve recently picked up a side gig,…
Celebrating a Remarkable Milestone – 60 Years of CPA Australia Membership
We are proud to share some very special news – our founder, Roy McDonald, has been recognised for achieving 60 years of membership with CPA Australia. This is an exceptional milestone and a…
How to Stay on Top of Your Small Business Transactions
Running a small business means juggling many moving parts—but one area that shouldn’t fall through the cracks is how you manage your day-to-day transactions. Accurate record-keeping doesn’t just help at tax time. It’s essential for cash flow, understanding your financial…
Tax Time Mistakes
As tax time rolls around, it’s tempting to rush through your return in the hope of a quick refund. But according to CPA Australia, the biggest mistake Australians are making right now is lodging their tax returns too early. The…