* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 31, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

The top ten of tax time 

July 29, 2024
in Business
The top ten of tax time 
Share on FacebookShare on Twitter

Leading financial services firm Reventon has released a comprehensive guide to help navigate the complexities of tax season and beyond.

It offers a wealth of insights on tax optimisation, financial planning, and investment strategies designed to empower individuals and businesses. Reventon’s expertise spans various financial considerations, from maximising returns through timely tax lodgements to leveraging the First Home Super Saver Scheme (FHSSS) benefits.

“Our goal is to equip Australians with the knowledge and tools necessary to make informed decisions that can significantly impact their financial well-being,” said Chris Christofi, Founder and CEO of Reventon.

“We aim to provide Australians with actionable insights that can bring significant financial benefits and long-term stability.”

1) Timely Tax Lodgements and Compliance

The ATO’s increasing vigilance underscores the necessity of staying current with tax obligations. This includes timely lodgement of tax returns, activity statements, and superannuation payments to avoid penalties and interest charges. Regular updates and communication with a tax accountant, along with organisational tools and calendar reminders, can help ensure all deadlines are met and penalties are avoided.

“Staying current with your tax obligations and meeting deadlines is essential to avoid costly penalties and interest charges,” Christofi said.

2) Role of a Proactive Accountant

A proactive accountant is essential in identifying tax-saving opportunities and ensuring clients know all deductible expenses and tax benefits.

Proactive accountants ask the right questions, provide guidance on all possible deductions, and ensure compliance. Their fees are also deductible, adding to the overall value of professional tax advice.

3) First Home Super Saver Scheme (FHSSS) Benefits

The FHSSS is designed to help first-time homebuyers save for their deposit within their superannuation fund, offering significant tax savings. Contributions to the super fund under the FHSSS are taxed lower than personal income. Proper fund release timing and early application for payment summaries are crucial for maximising benefits within the financial year. Consulting with a financial planner ensures all requirements are met.

4) Tax Deductibility of Professional Services

Tax advice and planning services fees reduce taxable income, providing significant financial benefits. Keeping detailed records of all professional services fees related to tax advice and ensuring these expenses are included in annual tax returns helps in maximising deductions. Engaging qualified professionals ensures compliance and maximises tax benefits.

5) Self-Managed Super Funds (SMSFs) for Property Investment

SMSFs provide a means to invest in property with potentially higher borrowing capacities but come with complexities and costs. Consult with a licensed financial planner to explore SMSF suitability. Ensure a healthy super balance and understand the costs and complexities before investing through an SMSF. Proper guidance and a statement of advice are essential for making informed decisions.

“Investing in property through an SMSF can boost borrowing capacity, but requires careful planning and professional advice,” Christofi said.

6) Minimising Capital Gains Tax (CGT)

Minimising CGT is crucial for clients with investment properties, and strategic super contributions play a key role. Plan lump sum super contributions within the financial year to offset CGT liabilities. Consult with a tax advisor to optimise the timing and amount of contributions, which can reduce overall taxable income and CGT liabilities.

“Strategic super contributions can effectively offset CGT liabilities, reducing your overall tax burden.”

7) Negotiating Contracts and Expenses

Regularly reviewing and renegotiating contracts can lead to significant savings and reduced operating costs. Conduct annual reviews of all personal and business contracts to identify potential savings. July is an optimal time for renegotiations due to supplier openness. Implement a system to track and review contract renewal dates and terms to negotiate better terms.

8) Tax Variation for Improved Cash Flow

Tax variation allows for immediate tax refunds and better cash flow management. File a tax variation form to adjust tax withholdings for more immediate cash flow benefits. Regularly review and update the variation form to reflect current financial situations. Use the increased cash flow to offset daily interest on loans and debts.

“Adjusting your tax withholdings through a tax variation form can provide immediate cash flow benefits,” Christofi added.

9) Property Investment

Reventon’s strategy involves using investment properties to pay off personal debts, ensuring continuous tax efficiencies and capital growth. Invest in properties strategically, focusing on areas with high growth potential. Monitor tax deductions and capital gains to decide the optimal time for selling properties. Reinvest gains from sold properties into new investments to maximise tax efficiencies and align with individual financial goals.

10) Cohesive strategies 

Find a financial advisor offering integrated services that ultimately help save time and money. Utilise accounting, brokerage, and property investment services under one roof. Coordinate with accountants, brokers, and property experts to streamline processes. Benefit from the collective expertise and collaborative strategies offered by Reventon’s team.

“Reventon’s integrated services streamline financial planning, saving you time and money through cohesive strategies,” Mr Christofi said.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/finance/tax/the-top-ten-of-tax-time.html

Tags: businesstime
Previous Post

Three ways data can transform AI innovation for SMEs

Next Post

SplendAI: Create Art with Midjourney, Stable Diffusion and Dall-E in a single App

Arthur Garrett Shares a Fascinating Lesson on Ecology from His Fishpond

August 31, 2025
Scientists discover armored “goblin monster” in prehistoric Utah – ScienceDaily

Scientists Discover Armored “Goblin Monster” Buried in Prehistoric Utah

August 31, 2025
Space 4 All STEM Day: Where the mind’s eye and science come together – Bay News 9

Space 4 All STEM Day: Where the mind’s eye and science come together – Bay News 9

August 31, 2025
Lifestyle Communities Ltd (ASX:LIC) Full Year 2025 Earnings Call Highlights: Navigating … – Yahoo Finance

Lifestyle Communities Ltd (ASX:LIC) Full Year 2025 Earnings Call Highlights: Navigating … – Yahoo Finance

August 31, 2025
Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

August 31, 2025
No. 9 LSU gets first Week 1 victory since 2019 with 17-10 win over No. 4 Clemson – Yahoo Sports

No. 9 LSU gets first Week 1 victory since 2019 with 17-10 win over No. 4 Clemson – Yahoo Sports

August 31, 2025
Trump flexes unprecedented executive control over economy – The Hill

Trump Unleashes Unprecedented Executive Power to Transform the Economy

August 31, 2025
If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

August 31, 2025
Fecal bacteria at Roosevelt Bridge prompts health advisory in Martin County – Treasure Coast News

Health Advisory Issued in Martin County After Fecal Bacteria Detected at Roosevelt Bridge

August 31, 2025
What does the Cracker Barrel saga tell us? – marketplace.org

What does the Cracker Barrel saga tell us? – marketplace.org

August 31, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (799)
  • Economy (818)
  • Entertainment (21,697)
  • General (16,771)
  • Health (9,858)
  • Lifestyle (832)
  • News (22,149)
  • People (819)
  • Politics (825)
  • Science (16,028)
  • Sports (21,316)
  • Technology (15,798)
  • World (798)

Recent News

Arthur Garrett Shares a Fascinating Lesson on Ecology from His Fishpond

August 31, 2025
Scientists discover armored “goblin monster” in prehistoric Utah – ScienceDaily

Scientists Discover Armored “Goblin Monster” Buried in Prehistoric Utah

August 31, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version