Insights & Resources
Your chance to tap into the collective wisdom of the CSCG team, with lively, informative articles that give you opinions and knowledge on a wide range of financial industry issues relevant to you. Always a good read! Full of articles that will inform, energise, and educate. Anything you see that takes your eye, just call us!
Market Appraisal or Valuation of Property Assets
As we are now in the new financial year and ready to prepare financial accounts and income tax returns for the 2021/22 year, it is a timely reminder that a market appraisal of the property asset(s) held inside your superannuation fund and/or indirectly inside your related property trust should be updated for the purposes of preparing your fund's fi...
August Practice Update
Tax time focus on rental property income and deductions The ATO is focusing on four major concerns this tax season when it comes to rental properties.Concern 1: Include all rental incomeWhen preparing tax returns, make sure all rental income is included, such as from short-term rental arrangements, renting part of a home, and other rental-related i...
July Practice Update
ATO's small business focus for 2022 income year The ATO announced that it will be focussing on the following matters for small business tax returns for the 2021/22 year: Deductions that are private in nature and not related to business income, as well as overclaiming of business expenses (especially for taxpayers running a home-based business).Omis...
