by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax...
by Canning Tax & Advisory | 29 Sep 2023 | Tax Compliance
The tax refund many Australians expect has dramatically reduced. We show you why. The reward is in the form of tax deductions that reduce the amount of net income that is assessed for tax purposes and tax offsets that reduce the tax payable, generating a refund for...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’ The significance of legislating the...
by Canning Tax & Advisory | 29 Sep 2023 | Tax Compliance
What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Tax Compliance
Employing remote workers presents additional challenges related to financial controls. Managers and employees may not believe they are at risk but studies by the Association of Certified Fraud Examiners show companies with fewer than 100...
by Canning Tax & Advisory | 29 Sep 2023 | Tax Compliance
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it’s OK, it’s...
