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News & Articles on Finance & Business, Accounting, Taxation, SMSF & more

tax deduction christmas party

What can I claim as tax-deductible for Christmas parties?

If you have a business, it’s that time of year where you’re starting to think about Christmas parties and office celebrations. It’s also time as a business owner to say thank you to your employees for another year of hard work. But it’s also worth knowing what you can claim and what you can’t. The rules can be confusing, so here are some suggestions on how to make the most of your corporate budgets this year. There are two major

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tax return with tax accountant in brisbane

How will the new budget tax cuts affect me, and how do I claim?

It’s been a whirlwind year and recent month in terms of tax with the much-anticipated tax cuts confirmed as part of the 2020 Federal Budget. The tax cuts which were initially planned for 2022, have been brought forward to this financial year. While it’s all well and good to announce tax cuts, most people are still wondering how it will affect them personally and what they should do with investments and their money to make sound financial choices. There’s also

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self managed super fund brisbane, gympie and bundaberg

How To Ensure A Swift And Successful Self-Managed Super Fund

Self-managed super funds (SMSF) are a way to save for retirement. They are usually established by an individual or family as a means of looking after their own super savings. The operative word (or words) is self-managed. An SMSF needs to be managed in order for it to be successful. It shouldn’t just be left – that is not really different to putting money into an interest-bearing savings account. Here are some expert tips from Charter Partners for a successful

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calculating tax cuts in Australian recession

The latest tax cuts and how it will affect you in the recession

With the recent news that Australia has officially fallen into a recession after two decades of profitable growth and the new announcements of tax cuts, accounting advice is more important now than ever. Speaking with the ABC, Treasurer Josh Frydenberg has announced proposed personal tax cuts being brought forward in the vicinity of $158 billion for Australians. While the cuts were scheduled for mid-2022, they have been brought forward to ease the growing financial tension on Australians and help to

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SMSF Investing In Unit Trusts - Charter Partners In Brisbane

SMSF Unit Trust Investments

A brief overview of the ways an SMSF may utilise the popular investment vehicle the unit trust to invest and hold the assets of the fund. Here is the Charter Partners take on a recent article by Dan Butler (DBA Lawyers) recently published in Self Managed Super Magazine (full article see https://smsmagazine.com.au/news/2019/08/05/smsf-investments-via-unit-trusts/ ).Table of Contents Unit Trust – Introduction Closely Held Unit Trusts SMSF ‘In-house Assets’: Restrictions for Related Unit Trusts Non-geared Unit Trust Unrelated Unit Trust Other Considerations Conclusion

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EOFY

11 Steps to help make the next Financial Year for your business a good one.

We are all familiar with New Year’s resolutions. Time to reset and get ready for the coming year. Well as small business owners the End of Financial Year (EOFY) provides a similar opportunity to review the status and reset the direction of your business. To help jumpstart this process, CPA Australia has put together a list of 11 resolutions that all small businesses would be well served by. Charter Partners is a strong advocate for this type of planning for

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