View a selection of articles and blog posts by Trak Accounting.
The Reserve Bank of Australia is widely tipped to reduce interest rates again to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact. Australia and world volatility The ongoing trade war between the US and China has dominated financial market movements recently. The last two trading months have seen increased market volatility. In July,Read More »
Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. We summarise the help available to those impacted by the bushfires.
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from the 2015-16 to 2019-20 financial years, revealing assets that previously may not have been disclosed or underreporting of income. “If a taxpayer is reporting aRead More »
Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.
As a small business owner, you may be aware that there have been several new measures introduced which will affect 2019 tax returns. In light of these recent changes, including an instant asset write-off announced in the new Federal Budget and increased compliance auditing from the ATO, we suggest getting help from a tax agentRead More »
There has never been a better time to launch your own business venture. Australian entrepreneurs and startups are making an impact on the global stage, and there are more resources and funding available than ever before to help you on your journey to establishing a successful business. In this month’s blog post, we offer 8Read More »