SKL & ASSOCIATES

While most people look forward to receiving a tax refund once their return is processed by the ATO, it is also not unheard of to receive...

The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make sure you...

The Director Identification Number (DIN) regime may have been lost in many business owners’ peripheral vision, or even dropped off the...

The JobMaker Hiring Credit scheme was passed into law in mid-November 2020. JobMaker was part of the 2020-21 Federal Budget, and will...

The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the...

Treasurer Josh Frydenberg delivered the Federal Budget for the 2020 – 2021 financial year on 6 October 2020. In light of the current...

With JobKeeper 2.0 now officially legislated, it is time to have a look at the finalised rules. Most basic rules are quite similar to the...

As the current JobKeeper scheme will come to an end as of 27 September 2020, and the Australian economy is still being greatly impacted...

As we are fast approaching the end of the financial year, it is worth recapping some of the common tax saving tips: 1. Superannuation The...

The bill that included the JobKeeper Payment Scheme has passed as law on 8 April 2020. The JobKeeper Payment is a wage subsidy that...

To assist the community coping with the economic impact of the current COVID-19, the federal government has announced series of measures...

For property developers, GST payable on the sale of properties can greatly eat in the profit. However, GST can be potentially reduced...

There are many responsibilities associated with being a company director. Sometimes, a director may receive a director penalty notice...

When it comes to claiming tax deductions for rental properties, it is essential to distinguish between repair and maintenance work and...

Disposal of a property that is not your main residence the whole time usually attracts capital gains tax (CGT). However, there are...

We often hear people calling a discretionary trust a family trust, but strictly speaking a discretionary trust only becomes a family...

We all know that selling a piece of land in Victoria will attract stamp duty, but what about if the land is owned by a company and it is...

With the single touch payroll (STP) system already mandatory for employers with 20 or more employees and now expanding to small employers...

Companies incur tax losses from time to time and would benefit from being able to use these losses to reduce future income. Generally...

Vacant residential land tax, absentee owner surcharge, federal annual vacancy fee, are you confused yet? You are not alone. All these...