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Blog

2022 Tax Ruling Trust

Posted By ,
03/03/2022
Have a family trust? You could be affected by a new ATO ruling   The Australian Tax Office (ATO) has just released four tax rulings that will stop commonly used trust distributions to family...

It is a Good Idea to Put Money on the Side for Your Taxes on a Monthly Basis

Posted By ,
01/03/2022
One of your prime responsibilities being a loyal citizen is to pay your taxes in full and at the right time. Whatever your income is, no matter how low or high, you’re bound to pay the taxes....

How a Medical Tax Accountant Can Help with Your Practice

Posted By ,
02/02/2022
Just like any other profession, doctors are liable to pay their taxes. However, the job of a doctor keeps their hands so full that they don’t have much time to look into their tax responsibilities. In...

The Importance of a Self-Managed Super Fund for Business Owners

Posted By ,
30/11/2021
One of the numerous advantages of Self-Managed Super Funds (SMSF) is having control over how your retirement resources are invested. A self-managed super fund (SMSF) can be a helpful approach to...

The Cheapest Account Won't Necessarily Save You Any Money

Posted By ,
15/11/2021
Many individuals are paying more attention to their finances and attempting to save more money than they have in the past. Almost everyone might be benefited from depositing some extra...

4 Ways an Accountant Can Help You with Your Self-Managed Super Fund

Posted By ,
28/09/2021
The self-managed super fund (SMSF) is a great way to ensure that even after retirement, you continue to live a comfortable life. The key is to accumulate as many funds as possible in your early years...

Why You Shouldn’t Do Your Tax Returns Yourself

Posted By ,
02/08/2021
For certain tasks, taking a DIY approach works. Repainting your kitchen, giving a new look to your outdoor space, or rewiring your lamp are some of these jobs. But what about filing your tax returns?...

2021 Year End Tax Planning

Posted By Oliluca Accountants,
09/06/2021
The 2021 financial year is fast approaching an end, there is still time left to minimize your tax obligations. To take advantage of this it’s recommended that you should make an appointment to talk wi...

2021-2022 Budget

Posted By Oliluca Accountants,
19/05/2021
PERSONAL INCOME TAX CHANGES1. Retaining the Low- and Middle-Income Tax Offset for the 2022 income year. The LMITO is a non-refundable tax offset that provides tax relief for low- and middle-income...

$5,000 grant available (Victoria)

Posted By Oliluca Accountants,
14/07/2020
  The new package includes: ...