When was the last time you examined exactly where your dollars are going? Taking the time to review last months’ credit card statement can be enlightening. You may discover that most of the earnings left over after paying your basic […]
Planning your estate is an important part of managing your financial affairs. It allows you to pass on your assets to intended people in your life while minimising adverse tax implications. When planning your estate, consider the following: Having a […]
The ATO is reminding those who work in the sharing economy to be aware of their tax obligations.The sharing economy connects buyers (users)and sellers (providers) through a facilitator who usually operates an app or a website. Some popular examples include […]
Back before you were a business owner and you held down a regular job, with a wage, that wage would land in your bank account every payday, and then you’d do your best not to spend it all before the […]
Most business owners want to build a scalable business with strong brand recognition. Initially, their focus is firmly on product development in order to produce a useful and saleable product or service. In these early stages of development, implementing a […]
The Fringe Benefit Tax (FBT) is a tax that employers are required to pay if they have provided benefits to employees, or an associated party, as part of or in addition to a wage or salary package. The FBT year […]
The team at Propel Business Group have been working together for over 20 years. During that time we have worked with hundreds of business owners to help them grow, adapt and succeed. After giving advice to such a vast number […]
The ATO is of the view that holiday home investors may be misinterpreting the rules regarding tax deductions for rental properties and, as a result, may be over-claiming on tax deductions for periods when a property is not being rented […]
We thought we’d remind you that as of 1 July 2018, purchasers of newly constructed residential properties or new subdivisions will be required to remit the GST directly to the ATO as part of the settlement. Under the current law (where the GST […]
Read More… from Propel Want To Remind Purchasers Of New Residential Properties To Remit GST
Accounting can be an intimidating and hard-to-understand industry if you’re not involved in it. Like many specialised fields, there are plenty of terms that can confuse those looking to seek financial advice, and this can make it challenging to find the solution […]