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Australians are generous when it comes to opening their wallet for a good cause. But you may have reached a point in life where you want to make a more substantial contribution with control over how your money is spent. You may also wish to get your children involved to instill shared values. While itRead more

Most people prefer to buy an existing business rather than start from scratch. They see it as a much safer option as they’re acquiring a business that already has a loyal customer base, regular cash flow and hopefully a solid amount of goodwill, especially with certain franchises. It is necessary to undertake the minimum amountRead more

Optima Partners are pleased to announce the promotion of Ross Stagno to Director from 1 July 2018. Ross joined Optima Partners as a senior accountant in November 2010 and was promoted to Manager in 2016.  Ross is a member of the Chartered Accountants Australia and New Zealand, with over 10 years experience in tax andRead more

Optima Partners are pleased to announce the promotion of Ross Stagno to Director from 1 July 2018. Ross joined Optima Partners as a senior accountant in November 2010 and was promoted to Manager in 2016.  Ross is a member of the Chartered Accountants Australia and New Zealand, with over 10 years experience in tax andRead more

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  At tax time and everybody wants to get their refund. At Optima Partners we have been seeing many clients who need to lodge their individual tax returns. Part of the service we aim to provide to our clients is to educate them about the taxation consequences of their affairs, so we are always happyRead more

  Since very few people seem to understand what financial planners do and a common question seems to be “What am I paying you for?” I thought I’d give a very brief introduction to financial planning and the work that goes into creating a financial plan. The financial planning industry is one heavy with complianceRead more

What is an ATO Clearance Certificate? There was a time when you sold property and you were an Australian resident you just claimed the 50% discount if you held the property for more than 12 months. You did not have to prove you were an Australian resident, you just self-assessed that you were an Australian resident.Read more

On Tuesday 12 March Bill Shorten, leader of the opposition, announced some major changes to the tax system that the ALP will take to the next federal election, which is currently scheduled for 2019.  The major change announced by Mr Shorten regarded imputation credits. The whole purpose of the imputation system is to (fairly, inRead more

 Work-related Expenses in the Firing Line – On 5 July 2017 Australian Taxation Office (ATO) Commissioner Chris Jordan delivered an address to the National Press Club in Canberra. You can read the transcript of his address here. One of the topics that he discussed was work-related deductions. In an individual income tax return there areRead more