Am I a share trader for tax purposes?

By |2022-06-10T06:54:15+10:0010/06/2022|Categories: Blog, Taxation|

A Share trader is regarded by the ATO as conducting a share trading business when it comes to reporting your tax, based on factors around how you and how often you invest. An investor is looking long term and will not frequently undertake a systematic approach. Tax law regards Share trading is assessed as income on a Revenue Account, and no Capital Gains Discount can be claimed. Share traders and tax However good news for share traders is, share losses are allowed as a tax deduction un S8-1 of the ITA997. A share trader can recognize unrealized losses and gains [...] READ MORE

Local manufacturing

By |2022-06-03T02:44:10+10:0003/06/2022|Categories: Blog, Business growth|Tags: , |

Local manufacturing businesses based in the South East area in Melbourne such as Moorabbin and areas such as Currum Downes and Seaford can take advantage of bringing forward tax incentives to help their manufacturing business. Helping local manufacturing businesses Gartly Advisory are Melbourne Accountants based in Ormond. We love servicing manufacturing businesses. Our advice to the manufacturing businesses is that we help is to take advantage of these incentives. Modernise your systems and save tax! Manufacturing, like every business experiences growth and also tough times. We have seen that those businesses that chose to invest in new equipment and technology [...] READ MORE

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