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Tax & Accounting
Important end of financial year considerations for individuals
Hear from our CEO, Tim Hobart, as he outlines various tax focused strategic options available for individuals in the lead up to 30 June 2023.…
Federal Budget: 2021 / 2022
We recommend you seek professional taxation advice before acting on this information. The content below should not to be construed as personal financial advice, taxation…
Federal Budget 2020/2021
We recommend you seek professional taxation advice before acting on this information. The content below should not to be construed as personal financial advice, taxation…
Important End of Financial Year Considerations for Companies
The following information is provided as general information only and is written based on information available as at 1 June 2020. It is not subject…
Important End of Financial Year Considerations for Individuals
The following information is provided as general information only and is written based on information available as at 1 June 2020. It is not subject…
The Stimulus Package: What You Need To Know
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. It’s likely a…
Are All Your SMSF Eggs in One Basket?
The investment strategies of Self-Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset…
Personal Income Tax Changes – What are You Really Entitled To?
The recent income tax cuts that passed through parliament do not mean everyone automatically gets $1,080 back from the government as soon as they lodge…
Are Your Professionals Working Together?
You may now be aware that we recently made some changes to our tax return offering. We’ve made these changes because we don’t believe that…
TAX Time: Are You in the ATO’s Sights?
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data…
What You Can Expect From the LNP After the Election?
In short, simplification. The LNP has committed to a simpler tax system and propose a reduction in income tax starting 1 July 2019 and into…
SMSF – Neglecting your Obligations has Serious Consequences
Managing an SMSF Australia now has close to 600,000 Self-Managed Super Funds (SMSFs). With member balances representing roughly 30% of the $2.3 trillion balance of…
Beware the ATO Scammers
Australians were conned out of more than $800,000 in November alone as a “tsunami” of scam phone calls threatened people with arrest if they did…
Travelling to and from Your Investment Property
From 1 July 2017, new rules came into effect that prevent taxpayers claiming a deduction for expenses they incur travelling to and from their residential…
Working from Home: What Deductions can you Claim?
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses.…
Clothing Deductions Hung Out to Dry
The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns. The ATO says that clothing…
An Issue Facing all PTY Contractors!
Company Tax change still in Limbo An issue that many Pty Ltd Contractors, business owners and investors will need to grapple with is uncertainty on…
It’s Tax Time: Should You Use a Tax Agent or an Accountant?
It may seem like it was only last month that you were collating receipts and preparing to lodge your Income tax return, and like many…
Tax Deductions: The Danger Zones
In Australia, tax deductions are available for expenses incurred in producing assessable income. These are generally work-related deductions or investment related deductions. And, unlike some…
The Other Business Influencer That Can Make or Break You
Did a Kardashian really just wipe US $1.3bn off the share price of Snapchat? A tweet from Kylie Jenner saying “sooo does anyone else not…
Is Getting my Tax Return Processed, the Same as Getting Tax Planning Advice?
You may be one of the thousands of contractors that take advantage of the free or subsidised tax returns available to you as a Satori…
Is ‘Property Flipping’ the next ATO target?
The tax law does not allow you to ‘flip’ a property tax-free even if you are living in it. Most people think that they can…
Crypto Currencies – How are they Viewed by the ATO
Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these digital currencies were not treated in the same way as…
Let Us Put You on the Right Track to Maximising Your Tax Refund
Our accountants are working ‘sun up to sun down’ processing Individual, Company and Trust Income tax returns. Their key finding is all about EXPENSES. Do…
The October Deadline is Looming – Don’t be Late!
At Satori Advisory we are here to help you legally maximise your return while guiding you through the risk areas pertinent to your individual situation. Feel…
Are you on the Tax Commissioner’s hit list?
Every so often the ATO sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Last month in a speech to the…
Choosing the Right Tax Structure
The Good, The Bad and The Ugly Deciding on whether to start a business or what investments to buy can be a challenging experience. However,…
Running a Self-Managed Super Fund
What am I getting myself into? A guide to Self-Managed Super Funds (SMSF) Setting up a SMSF can be a great way to take control of…
2016 Federal Budget
The 2016-17 Federal Budget is a budget of targets – broad targets to boost business and innovation, and the narrow revenue targets of the wealthy…
Franking credits – why they’re important to consider
TAX & ACCOUNTING Update: The following general information is provided by the tax and accounting team at Satori Advisory Pty Ltd. Franking credits were introduced…