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What can I claim against my tax?

It’s tax time again. What can you claim to reduce your tax? Please take just 2 minutes to read this blog article. We’ll explain: Deductions you can claim The importance of a fantastic tax accountant The “tax trap” you need to avoid Links to more information about specific deductions             […]

Top five tax strategies for property investors!

                  Congratulations you have got one more property investment(s) and well on your way to building your wealth! As an active property investor I would like to share with you my 5 top strategies in this 6 minute video of what I use to maximise the return on my […]

Some good news for Depreciation changes for Property Investors!

Some good news for Depreciation changes for Property Investors! Most investors know that there were changes to depreciation announced in the May 9 Federal Budget. The draft legislation was released recently and cleared up some confusion, but also contained some good news. First up, the clarifications: The changes do NOT affect commercial property. The changes do NOT […]

How to never, ever miss out on a tax deduction

After helping thousands of clients over the past 16 years, there’s 3 key things I believe you will incredibly benefit from doing in the next month. 1. How to never, ever miss out on a tax deduction Many people miss out on tax deductions, every year, because they: Lose receipts Forget about payments they make […]

Getting ready for The New Financial Year!

Your 2017 EOFY Tax Minimisation Tips Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to minimize your tax. We have outlined these action points below to assist you. Date Action […]

Budget Update 2017

2017-2018 Federal Budget Update We at Success Accounting Group are here to help you make smart financial decisions now so you can have a beautiful financial future. One way we do that is through careful tax planning! If you haven’t met with us yet, now is the time to contact us to arrange a tax planning […]

TAX DEBT

Managing cash flow is a constant challenge for small businesses, but there’s no reason for tax obligations to make it any harder. Tax debt is any taxes that you owe to the ATO after the filing deadline. It does not matter if you filed your tax return before the deadline or paid a partial amount […]

The Fringe Benefits Tax

The Fringe Benefits Tax (FBT) year runs from 1 April 2016 to 31 March 2017. Another tax planning strategy for business owners, is to determine if they have an FBT exposure and if so start to collect the relevant information in order to complete an FBT return for the year. What is it? FBT is […]

last chance for big super contributions

last chance for big super contributions   This is your last chance for super contributions before 30th June 2017, because of vastly reduced allowed amount that you can put into your superannuation. Thus, decision is vital before 30th June, so that you can maximise the amount of your super. This is possible by using two […]

Why use a Bucket company?

Why use a Bucket company? A bucket company allows you to “cap” the tax on profits distributed to or by trust at lower tax rate of 30%, whereas individual tax rate is 49%.Thus , It can save you a lot in tax. This  is basically an asset holding company that dose not involve in any […]

 “How to make Trust Distribution Resolutions”

How to make Trust Distribution Resolutions? An important thing is to make resolution before 30th June, if you have a family or a discretionary trust, so that, Tax department does not require you to pay the tax at 49% of trust profits. Your accountants know, who are the beneficiaries of the trust, how much they […]

The secrets to Tax Planning

The secrets to Tax Planning Tax planning is a secret to reduce your tax burden. You can reduce your tax in these ways:  By reducing your income.  Second way is to increase your tax deductions. As the income from the investment of the superannuation is taxed at a flat rate at 15% and  capital gains […]

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