When Capital Works Records Are Missing: A Practical CGT Solution for Accountants

When Capital Works Records Are Missing: A Practical CGT Solution for Accountants

Accountants and tax agents frequently face a frustrating scenario — a client disposes of property but cannot provide records for historical capital works or improvements. Without accurate cost data, determining the Capital Gains Tax (CGT) position can become complex and uncertain.

Fortunately, Mintax can provide a pathway to support compliant cost base calculations when documentation is unavailable.

Instant Asset Write-Off: A Game-Changer for Small Businesses

Instant Asset Write-Off: A Game-Changer for Small Businesses

For small business owners, tax time can be stressful, especially when it comes to understanding how to take full advantage of deductions and exemptions. One such opportunity is the Instant Asset Write-Off (IAWO), a valuable tax concession available to businesses that meet certain criteria.