๐ What makes or breaks Christmas for businesses? Essential insights to help you thrive this festive season and avoid common pitfalls. ๐ ๐
Read more ๐ https://t.co/ZiBm9RaTPS
#ChristmasStrategy#BusinessTips https://t.co/VBQcxyNYE1
At its meeting yesterday, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. https://t.co/HGkuSnsMik
๐ Tax time alert! โณ The ATO deadline is around the corner. Avoid stress & late fees by lodging on time. Remember to check your details, keep receipts handy & claim eligible deductions.
#TaxTime#ATOTips#FinancialWellbeing#FortisAccountingPartners https://t.co/ubg2GhTg16
Even if youโre retired & earning nothing, filing a tax return can ensure you get the right benefits! Stay informed about why it matters for Aussie retirees. Read the full article on The Senior:
#AustralianRetirees#TaxTips#FortisAccountingPartners https://t.co/XBU1KUD9IX
๐จ The ATO-led Phoenix Taskforce targets illegal "phoenixing" โ where businesses liquidate to dodge debts and restart under new names. Itโs recovered billions since 2014, including $99M in FY24.
#ATO#PhoenixTaskforce#FortisAccountingPartners https://t.co/4bd5hwbrYt
๐ผ October 2024 Tax Updates! Stay informed on new changes, including superannuation adjustments and electric vehicle tax reforms. These could impact your finances, so it's essential to stay updated.
#TaxUpdates#Superannuation#FortisAccountingPartners https://t.co/En3aZBZD0a
๐ก Got an inherited property in Australia? Learn how Capital Gains Tax (CGT) could affect it and discover potential exemptions. Proper planning can help reduce your tax obligations.
#InheritedProperty#TaxPlanning#FinanceTips#FortisAccountingPartners https://t.co/fC6KxqDUrh
๐จ Employers: Starting 2026, youโll need to pay super on payday instead of quarterly! Get your payroll systems ready to avoid penalties. Learn more about this important reform here ๐
#Superannuation#Finance#FortisAccountingPartners https://t.co/Z1dDG24a1t
๐ผโจ Are you self-employed or have a side hustle? Avoid common tax mistakes like missed deductions and poor record-keeping! Stay on top of your finances for a stress-free tax time. ๐๐ฐ
#FinancialPlanning#AussieBusiness#FortisAccountingPartners https://t.co/LD6cD5yDry
Investing in property? Understand how negative gearing offsets losses and how capital gains tax applies when selling for profit. Get informed and maximise returns! ๐ผ
https://t.co/d5hKWgFJAl
#PropertyInvestment#TaxTips#CGT#FortisAccountingPartners
๐ข Federal Court Ruling ๐ข
The Federal Court dismissed an appeal in a tax dispute over settlement payments. Ensure you understand your tax obligations in settlements to avoid penalties! ๐ผ
#TaxDispute#TaxUpdate#StayInformed#FortisAccountingPartners https://t.co/aY9m8BFv53
Are you a Personal Services Business (PSB)? The ATO has draft guidelines on income and tax obligations. Have your say before 11 October 2024! Find out more details here.
https://t.co/wRbFfNCQw9
#SmallBusiness#TaxTips#ATO#TaxTime#FortisAccountingPartners ๐ก
๐จ Beware of myGov tax scams! Scammers are sending fake ATO messages to steal your info. Don๏ฟฝ๏ฟฝ๏ฟฝt click on suspicious linksโlog in to myGov directly.
Read more on how to keep your account safe.
#TaxScamAlert #ATO #CyberSafety #FortisAccountingPartners https://t.co/eVaULDt3H1
๐จ ATO Alert for Business Owners: Misunderstanding personal services income (PSI) rules could lead to tax issues. Even if you're a Personal Services Business, you can't split PSI for tax advantages. Stay compliant! ๐ผโ
#ATO#PSI#FortisAccountingPartners https://t.co/yBMAXI8SEu
At its meeting yesterday, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
Read more about the statement here:
https://t.co/XZzUDYEgHB
#RBACashRate#RBA#FortisAP
๐ข NFPs: Are you confident in your charitable status? The ATO reminds organizations to review their eligibility and avoid tax issues. Check your status with the ACNC to stay compliant!
#NFP#TaxExemption#ATO#TaxCompliance#ACNC#FortisAccountingPartners https://t.co/bXbVfiQwHT
A NSW court has ordered a taxpayer to pay $24.4M to the ATO for unpaid taxes, penalties, and interest. The court upheld the decision despite objections. A reminder to stay on top of tax obligations to avoid costly penalties.
#ATO#FortisAccountingPartners https://t.co/vYOA7v1oXW