£1,600 penalty for taxpayer with no tax liability
From www.accountingweb.co.uk: (UK context) Taxpayer Mohammad Muhsen Yaqoobi lost his appeal against a £1,600 late filing penalty for his 2020/21 self-assessment, claiming ignorance of … read more
Tax – Individuals
Share Investing for Australian Expats
From atlaswealth.com: Australian expats can enhance their wealth through share investing, benefiting from flexibility, diversification, and tax efficiency.
Shares are classified as non-taxable Australian … read more
What to do with your surplus cashflow
From prosolution.com.au: Surplus cashflow allocation for individuals facing the cost of living crisis requires careful consideration between debt repayment and investment.
Paying down non-deductible … read more
6 Ways High-Income Earners Reduce Taxes in Australia (2024 Update)
From cadenalegal.com.au: High-income earners in Australia can utilize six legal strategies to reduce their tax liabilities, including efficient business structuring, negative gearing on investments, … read more
UK inheritance tax changes could impact Aussies
From www.accountantsdaily.com.au: Pitcher Partners warns that changes to the UK’s inheritance tax regime could severely impact Australians with UK investment portfolios, potentially imposing a … read more