Australian Accounting Awards

Earlier this year, Daxcel Financial was short-listed for the Australian Accounting Awards 2022. The Australian Accounting Awards is the premier event in showcasing the depth of talent in the nation accounting professionals and businesses, recognising their success and their passion for the sector. The finalist list, which was announced on Tuesday, 26 April, featured over […]

Small Business Tax Update – July 2022

Tax & the family home Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. Capital gains tax (CGT) applies to gains you have […]

Tax Audit Insurance

Given the trillion-dollar National debt, the ATO is on an even greater quest to garner fundsand audit (review) is becoming even more of a focus for them. When we think of an audit, we tend to think of a full-blown desk audit with ATO officers presentetc. – however these audits are rare, with most targeted […]

Small Business Tax Update – June 2022

Tax Time Targets The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property income and deductions, and Capital gains from crypto assets, property, and […]