Articles

New Vacant Residential Land Tax thresholds for Victorian properties

The new thresholds are 28 days for holiday homes and 6 months for all other properties. Learn more….

8 tips on how to pick the right auditor for your business

An auditor assesses the financial health and compliance of your business, so it’s critical to select the right one….

Do you have a new PAYG message in your myGov inbox?

Don’t miss out on important tax notifications. Learn how to access any ATO notices you have via myGov….

3 ways to cover the cost of private school fees

In Melbourne, 13 years of private school fees costs upward of $300,000 on average! Learn more about your funding options….

10 benefits of seeing a Financial Advisor

No matter your financial situation there are so many benefits to seeing a Financial Advisor. These are just 10 of them….

New off-the-plan stamp duty concessions announced for Victoria

The Victorian Government has announced a temporary stamp duty concession that will apply to apartments and townhouses. Learn more….

Financial advice just got cheaper

A new ATO ruling means clients may be able to claim a portion of their financial advice fees as a tax deduction….

Explainer: What to consider when planning for Aged Care

Learn some of the important costs and considerations when thinking about entering aged care, and the next steps to take….

The ATO is increasing its focus on overdue debt recovery

The ATO has recently announced that it will significantly increase its focus on debt recovery. Learn more about the steps you can take….

FAQs: Not-for-profit self-review return

NFPs that self-assess to be eligible for tax exempt status are required to lodge a not-for-profit self review return by 31 October 2024….

Here is how to avoid a tax time scam

There is an uptick in scammers taking advantage of Aussies doing their tax returns. Don’t fall victim to an ATO tax return scam….

25 things to do in FY25 to reach your goals this financial year

The start of a new financial year is a great time to recalibrate and set your goals for the 12 months ahead. Reset with our 25 tips for FY25….

Analysis of the Australian private equity market

Discover what private equity is, what Australia’s private equity landscape is right now, and how our Private Equity division can help SMEs….

ATO issues rulings that may significantly impact trust distribution strategies

The ATO has released several rulings that may impact the way trusts distribute income to their beneficiaries. …

Applying the GST margin scheme after acquiring property under the GST going concern exemption

Learn about applying the GST margin scheme when selling a property….

PCG 2021/4: What professional practices need to know about profit allocation

Discover how PCG 2021/4 affects how professional practices allocate profits to the owners of the business….

Is your SMSF investment strategy diverse enough for the ATO?

The ATO sets out diversifications requirements to ensure self-managed super funds are diverse enough. Learn more here….

Vacant residential land tax is coming to all of Victoria from 2025

Vacant residential land tax is an extra tax on certain residential properties that remain vacant for 6 months or more a year, and it’s coming to all of Victoria from 2025….

23 cyber security tips to help protect your money

It’s never been more important to be knowledgeable and vigilant about cyber security. Here are some tips to help protect you and your money….

2024/25 Federal Budget Takeaways

Discover some of the key takeaways from the 2024-25 Federal Budget, delivered by our Tax Advisory Partner Tim Olynyk….

Victoria phases out stamp duty on commercial and industrial properties

Stamp duty on commercial and industrial properties in Victoria is about to be abolished. Discover what it will be replaced with here….

2024-25 Victorian State Budget wrap

Discover some of the most important takeaways from the Victorian State Budget for FY 2024-25, delivered by our expert Tax Advisor Tim Olynyk….

10 tax planning strategies for businesses in 2024

As we near EOFY, start thinking about strategies that can help your business reduce taxable income. Learn more….

9 tax planning strategies for individuals in 2024

Here are some tax planning strategies to help you reduce your taxable income for the year ended 30 June 2024….

Phone scammers are impersonating the ATO – here’s what to look out for

Be aware that phone scammers are impersonating the ATO. Here is what to look out for, and what to do if you suspect a scam….

8 personal insurance tips & tricks

Insurance is one of those ‘boring but important’ topics. Luckily we love it! Discover 8 important insurance tips and tricks….

Amendments to your Trust Deed may be required to avoid penalty stamp duty

A discretionary trust can be considered a foreign trust even if it has never made a distribution to a foreign person. Learn how this impacts stamp duty here….

The ATO is ramping up its issuing of director penalty notices

We are seeing a significant shift in the ATO’s debt recovery approach, in particular regarding director penalty notices (DPNs). Learn more here….

Beware: The ATO is enforcing late lodgment penalties

There has been a large spike in late lodgment penalties imposed by the ATO. Learn how to avoid a fine here….

Dual-cab utes under scrutiny by ATO

Do you provide an employee with a dual-cab ute? Read more about the fringe benefits tax rules here….

9 things to know about your HECS-HELP debt

During high-inflation periods, your HECS-HELP debt can grow significantly. Here is everything you need to know about HECS-HELP debts….

We’ve rebranded!

In April 2024, Banks Group rebranded and changed its name to BG Private. Learn more here and discover some of the hidden meanings behind our new brand….

BG Private brand launch event

We take you behind the scenes at our recent staff brand launch event….

30-day financial health check

There is so much you can do to help improve your personal financial situation. Here are 30 ways to get started….

A Day in the life of a BG Graduate

Discover a day in the life of one of BG’s Graduates in the Corporate Advisory division….

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Eugene Smarrelli Eugene Smarrelli