Zachary McWhae

Passing on retirement savings to heirs is an important consideration when planning for the future. Without proper strategy, this will leave tax liabilities to heirs that may drain much of what the inheritance originally intended to transfer. The proper approach to determine how retirement savings are taxed would begin with getting an understanding on how […]

How to Avoid Costly Tax Penalties: Key Strategies for Staying Compliant Do you know that even a small mistake on a tax return can lead to significant tax fines and penalties? With the Australian Taxation Office (ATO) scanning, individuals and businesses must tread carefully to avoid audit triggers. Effective tax planning strategies and seeking the

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As a body corporate, you might face tax issues like misinterpreting deductible expenses and misclassifying income, leading to significant tax liabilities. It’s crucial to distinguish between operational and capital expenses correctly, and accurately report ordinary income versus capital gains. Ensure precise GST reporting by properly classifying supplies and maintaining an organized BAS lodgment schedule. Engage