Qualifying for the four small business Taxation Services, Capital Gains Tax (CGT) concessions and satisfying the basic conditions.
The broad-based tax of 10% on goods and services that are sold in Australia.
From the straight forward tax return, to what seems totally incomprehensible.
Is there a more tax effective way to package your salary?
Knowing what you can and can’t claim in relation to your investment property is an increasingly growing challenge, especially with the Taxation Office cracking down on rental deductions.
Managing the administration process of an Estate is hard on anyone, especially if you are acting as the Executor for the Estate – We can help you ease the burden of dealing with the taxation side of things.
Taxation can become complicated. For routine transactions, things are usually straight forward. However, you need someone to turn to when something out of the ordinary arises.
Without careful planning, Australians moving overseas can find themselves subject to much higher taxes in Australia. Similarly moving to Australia can result in a need to navigate complex tax issues whether you are an expat, moving permanently or here for a short time only.
The CGT small business concessions can significantly reduce the tax payable on the sale of a small business or its assets. In some cases, the tax liability can be reduced to nil.
The CGT concessions can also offer opportunities for small business owners to contribute substantial amounts into superannuation. This will help maximise their retirement goals.
To access the concessions, taxpayers must satisfy a number of stringent and complex requirements. These include having net assets of less than $6m or a turnover of less than $2m.
Saward Dawson has the expertise to advise you on these concessions and how to maximise their effectiveness. It is best to start planning to access the concessions long before you intend to sell your business. Some tests look at periods of time over many years to determine eligibility. How the sale is structured may also impact on whether the concessions are available. However, even if you have already sold your business, Saward Dawson can advise you on your eligibility and how to improve your tax outcomes.
For more information please contact our CGT Small Business Concessions Specialist Cathy Braun.
The Goods and Services Tax (GST) is a broad-based tax of 10% on goods and services that are sold in Australia. As a business owner, you may be obligated to pay and charge GST. There are complexities about when to register and charge GST. Once registered for GST, businesses will need to calculate the GST collected and paid during a period and then pay the net amount to the Australian Taxation Office.
At Saward Dawson, our Taxation Services team is equipped with the tools to meet your specific needs surrounding Goods and Services Tax (GST). GST reporting requirements vary depending on your current situation and it is our aim to assist you in making this process as smooth as possible.
There are also various GST concessions that can reduce your GST liability, particularly for not-for-profit organisations. Saward Dawson are specialists in the not-for-profit sector and are able to advise you on how to correctly calculate your GST liability.
Contact us to arrange a discussion around how GST requirements may affect you. So that we can provide you with the peace of mind knowing that your tax affairs are in control.
For more information please contact our Goods and Services Tax (GST) Specialists Cathy Braun and Shervy Dahliana.
As tax legislation continues to change, attending to your annual personal tax return can often be daunting. Whether you are a salary and wage earner, or you are a property investor, your situation gives rise to issues and opportunities in the tax sphere. It is essential that you keep up to date with taxation regulations and adhere to them whilst minimising your tax liability.
At Saward Dawson, we prepare tax returns for all types of people and investors, ranging from the more simple returns to the most complex returns, so you can have absolute confidence that your personal tax is in good hands.
When you engage us to prepare your personal tax return, you can have the peace of mind knowing that it has been done correctly and you are receiving the best possible outcome.
Contact us to arrange a discussion around how your tax.
For more information please contact our Personal Tax Specialist Simon Dinér.
Simplicity and effectiveness are what we look for in many areas of life. In the case of salary packaging, they seem mutually inconsistent due to the many complexities that may surface.
You need a specialist who can navigate the complexities and bring it back to the fundamental question of “How much better off will I be?”.
We are experienced salary packing advisors in both the for-profit and not-for-profit sectors. We can help provide solutions to a financially effective salary package arrangement.
For more information please contact our Salary Packaging Specialist Murray Nicholls.
In the current real estate market, maximising the use of your investment property expenses is extremely important with inflation and interest rates rising.
Knowing what can and can’t be claimed each year is an increasingly growing challenge, especially with the Taxation Office cracking down on rental deductions.
Separating the difference between expenses you can claim in full, ones you must apportion or even depreciate can seem like a daunting task, but when done correctly, investment property owners may be reducing their tax significantly or even creating a negligible tax liability.
At Saward Dawson, we are experts when it comes to finding the best tax outcome for your properties. We help reduce the taxable income from the property each year, and find the best outcome when capital gains tax arises when you sell your property.
Whatever the case may be, with Saward Dawson, you can know that when your income tax return is lodged, you obtained the best result from your property.
For more information please contact our Rental Properties Specialist Simon Dinér.
Managing the administration process of a Deceased Estates is hard on anyone, especially if you are acting as the Executor for the Estate.
As an Executor you may be personally liable to tax if the administration process was not conducted correctly. Estate administration is an area that requires a great deal of focus to work through all the legal, financial and tax obligations. It may be also a lengthy process should any complications arise. Most Deceased Estates take a year to complete, even simple Estates.
With our Taxation Services expertise in this specialised area, we can help you ease the burden of dealing with the taxation side of things. We provide advice and explanations to help you understand the tax implications of managing an Estate and the options available to you that ease the tax burden.
We at Saward Dawson have a dedicated team with extensive experience that can assist you with this complex area of taxation. This can give you a peace of mind while handling the Estate’s tax obligations.
For more information please contact our Deceased Estates Specialists Simon Dinér.
Taxation can become complicated. For routine transactions, things are usually straight forward. However, you need someone to turn to when something out of the ordinary arises. When something crops up in business like an international transaction, a one-off deal, an unusual sale or purchase, the sale or purchase of a business, or a myriad of other out of the ordinary things, you need specialist advice.
Something out of the ordinary
Saward Dawson has a team of specialists with experience in dealing with out of the ordinary. Our expertise includes:
Whether you regularly need to draw on our specialist tax advice or you want the peace of mind of knowing that when something out of the ordinary arises, you can rely on Saward Dawson to help you understand and address the tax outcomes.
For more information please contact our Taxation Consulting Specialists Cathy Braun.
Personal International Tax
Without careful planning, Australians moving overseas can find themselves subject to much higher taxes in Australia. Similarly moving to Australia can result in a need to navigate complex tax issues whether you are an expat, moving permanently or here for a short time only. Even Australians who simply have assets overseas or receive funds from foreign sources will encounter additional complexities when preparing their income tax return.
Our tax team is able to advise you on your Australian tax obligations, including tax residency, and how to avoid any unnecessary tax bills. With careful planning, the tax consequences of your move overseas or your return to Australia might be reduced.
Business International Tax
Whether you are expanding your business overseas or setting up Australian operations, we can assist you with getting the structure right and meeting your local tax and employment obligations.
Our services include:
Through our association with Russell Bedford International, we can connect you with a specialist local firm to meet your accounting, auditing, income tax, GST and financial obligations in the overseas country. SD Global – Saward Dawson
For more information please contact our International Services Specialists Cathy Braun.
We are specialists in Taxation services. Let’s talk to see how we can help you.
Saward Dawson helps clients at all stages of their life. Your financial affairs are important, and they help you to achieve the things that matter to you. We can help.
Consider your financial well-being, and that of your loved ones. Chances are you need a trusted advisor to help you through the decisions. The financial world is complex, and to navigate it you need expertise and knowledge.
Certainly there are taxation obligations. Saward Dawson has the expertise and full service offerings that can help you to achieve rewarding financial goals.
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
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