August 2023

Why Is My Tax Refund So Small?

The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of revenue compared […]

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Thinking Of Subdividing? The Tax Implications And Pitfalls Of Small-Scale Subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax exposure is minimal – but this is not always the case

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Succession: What Does It Take To And Your Business To The Next Generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.  When it comes to generational succession of a family business, there are a few important aspects:  Succession of the

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August 2023 Essential Tax Summary

Finally, simplification of the individual tax residency rules is getting some traction with the release of a new Treasury consultation paper. But don’t get too excited, it’s only a consultation and we have had extensive consultation previously. Treasury also released the exposure draft legislation to introduce the small business energy incentive announced in the May

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August 2023 Tax Due Dates

Key lodgment and payment dates for business for August. 14 August Lodge PAYG withholding payment summary annual report for: large withholders whose annual withholding is greater than $1 million payers who have no tax agent or BAS agent involved in preparing the report. 21 August Lodge and pay July 2023 monthly business activity statement. 25

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Reshika Kumar

Administration Officer

With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.

With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.

Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.

Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!