Facebook-f Linkedin-in

2024

Holiday Season Tax Tips for Business Owners

December 4, 2024 / 2024 / By

Silly season spending? Before you tap the business AMEX, check out our top tax tips for gifts, bonuses, travel, and more. From client and employee gifts to home office expenses, we’ve got the insights you need to stay savvy this holiday season. Maximise deductions, avoid costly FBT surprises, and keep your records in check. Whether you’re gifting, traveling, or mixing business with pleasure, these tips will help you make the most of your festive business spending.

Trusts Made Simple: Protect Your Assets and Secure Your Future

December 4, 2024 / 2024 / By

Trusts are a powerful tool for safeguarding your assets—whether it’s your business, property, investments, or family wealth. Understanding how trusts work and why the trust deed is crucial can help protect what’s most important to you. This guide breaks it all down, so you know exactly what to talk to your accountant about at your next catch up.

Holiday Office Closure

December 4, 2024 / 2024 / By

Our office will be closed for the holiday break from Friday, December 20th 5pm, and reopening on Monday, January 6th. If you need anything urgent before we wrap up, please reach out in advance. Thank you for your trust and support this year—it’s been a privilege to support you and your business. We can’t wait to hit the ground running in 2025 with some exciting plans in store. Have a safe and joyful holiday season!

Costly Land Tax Errors and How to Fix Them

October 11, 2024 / 2024 / By

Are you paying too much in Victorian land tax? Many property owners make simple mistakes that can lead to higher tax bills. In this article, we break down the two most common errors — incorrect ownership details and the trust surcharge — and show you how to fix them. Don’t let a misunderstanding cost you more than it should. Read on to ensure you’re only paying what you owe!

ATO Cracks Down on Rental Property Owners

October 11, 2024 / 2024 / By

The ATO is cracking down on rental property owners, with 90% of rental schedules found to contain errors. From misreporting Airbnb income to incorrect deductions, this article highlights common mistakes and how to avoid them. Stay compliant and avoid costly audits—read on for essential tips.

Contact us

03 5221 0779

Office 1, Level 1,
343 Pakington St. Newtown VIC 3220

PAL Accounting & Advisory is a CPA Practice Liability limited by a scheme approved under Professional Standards Legislation

Privacy Policy   Sitemap

Facebook Linkedin