Unless you are below the tax-free threshold or are in a tax-exempt category, lodging a tax return in Australia is compulsory; even if you have a loss or may not have any tax to pay. Failure to do so can result in strict penalties, fines and interest too. Think you can get away with it?…
Small business owners often ask “What is the role of a CFO in my small business? I already have a bookkeeper to count my beans”. Why big businesses employ a CFO? Ever wondered why big and successful businesses employ a full-time Chief Financial Officer (CFO), not just bookkeepers? Because they realise that a good CFO…
Generally, properties rented out on Airbnb get taxed in much the same way as investment properties, i.e., rent received by the owner is assessable as rental income, even though you may rent through Airbnb or Stayz platform. Therefore, as long as you don’t rent out the property to multiple or unrelated tenants, it is treated…
