RESOURCES

Taxation, Videos / 29 February, 2016

Educational Video 1

Integrated Client Account (ICA) is used to record the balance of activity statement obligations while Income Tax Account (ITA) is used to record the balance of income tax due.

Learn more by watching this video of Chris Bray, Director of Bray Chan Chartered Accountants.

+ SHARE

Leave a Reply

Your email address will not be published. Required fields are marked*

Quick TIP

We have saved our clients significant amounts of money by advising on efficient application of GST law in property sales. ... A person who is not a tax resident in Australia is still subject to capital gains tax (CGT) on any gains made on disposals of Australian property. Subject to certain conditions, CGT discounts normally ... Did you know a 6 year “absence exemption” allows you to rent out your main residence for up to six years, and still be exempt from capital gains tax? ... Did you know that using of an interest offset account at the time when you purchase a property can lead to potentially significant tax savings? ... In order to optimise interest deductions, be strategic when making capital repayments to mixed purpose loans (where there is mix of deductible and non-deductible debts). You may be better off refinanc ...
More Tips

Testimonials

“We were introduced to Wee almost ten years ago and have never looked back. Our business has gone from strength-to-strength in the time we brought Bray Chan on board and it is due to t ...
- Galvin Scott Davis
“We began working with Bray Chan when they were recommended to us by a mutual client. Right from the beginning, Wee always made himself available for us – even for our most random re ...
- Tania Fausti
“Bray Chan specialise in giving us valuable advice in regards to managed super funds. Their difference is their ability to offer a face-to-face service, always approachable and on han ...
- Bryon Martin
“Bray Chan have been instrumental in helping our business with tax planning advice and forward planning. Their prompt response and personable service is something that we can always ...
- Angie & James
“Wee looks at the bigger picture and the long term financial planning for any business. He is great at listening to new ideas and able to create a feasibility vision on what is possib ...
- Adam Worling
“Bray Chan’s service is a more personal service than an ordinary commercial situation. It makes you more comfortable doing business this way as it is tailored to suit your circumstanc ...
- Graham Larsen-Smith
Read More

Affiliations

  • T: (08) 8338 8600 F: (08) 8338 8699 E: mail@braychan.com.au
  • A: 651 Portrush Road, Glen Osmond, South Australia 5064
Made with Protein One