Blog
View a selection of articles and blog posts by Trak Accounting.
To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement.
From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications?
The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.
The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers, architects etc., operating through trusts, companies and partnerships of discretionary trusts and how the profits from these practices are being taxed.
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
We have a client whom has paid a deposit for a commercial property in the December period totaling $30,500.00. We do not currently have a tax invoice for the payments (however we can try request one) and the property will settle in approximately three months. Are we entitled to claim the GST credits on the deposit paid?
