OPTIMA PARTNERS

Optima Partners were proud to host Perth Car Clubs 5th anniversary this morning. Great to see over 100 cars of all ages lined up in front of our Osborne Park office. Thanks for all those who attended.
Phil Carulli Enrico De Pietro Rosario Stagno

Capital gains tax (CGT) in Australia applies when you sell certain assets. Understanding the consequence of CGT before you make significant investment decisions can save you a hefty tax bill.

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Capital gains tax in Australia: what you need to know before you sell assets - Optima Partners Optima Partners discuss capital gains tax in Australia and how to maximise return on investment from selling assets.

📆 Here's some to keep an eye out for this month.

A few hashtag to begin the 2025-26 financial year 📆

Taxpayers are increasingly turning to unreliable sources for tax advice as the 2024-25 financial year draws to a close.

CPA Australia is warning taxpayers to beware of misleading tax information, urging them to consult professionals rather than dubious online sources.

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Tax misinformation: CPA warns against AI and influencers - Optima Partners Tax misinformation is on the rise, AI tools and social media influencers spreading unreliable advice, CPA Australia urges to seek guidance

Wealthy privately-owned groups have seen an increase in unexpected tax consequences as the ATO firms on succession planning regulations.

ATO Deputy Commissioner for Private Wealth Louise Clark urges that private groups carefully consider their succession planning practices, as unexpected tax consequences significantly increase.

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Succession planning in ATO spotlight - Optima Partners The ATO is tightening its focus on succession planning, warning private groups to prioritise tax governance to avoid tax consequences.

The ATO is currently owed over $105 billion in unpaid debt, Commissioner of Taxation Rob Heferen has confirmed.

“It’s the largest it’s ever been, and it is money that could be benefiting all Australians,” says Heferen.

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www.optimapartners.net.au

A few to pencil in as we come to the end of the 2024-25 financial year 📆

With the end of the 2024-25 financial year in sight, the time has come again to assess your business affairs and plan for tax season.

Optima Partners outline key considerations and strategies to keep in mind as EOFY 2024-25 approaches.

www.optimapartners.net.au

ASIC has reminded small and medium entities to be conscious of the new sustainability reporting process and the potential impact on value chains.

These changes have the potential to dramatically shift the role of SMEs within the value chains of large entities. SMEs may be faced with increasing pressure to provide timely and accurate emissions data. This could lead to higher operational cost, cash flow disruptions and resource allocation issues.

Sustainability reporting: ASIC urges SMEs to brace for impact - Optima Partners Stay ahead of regulatory changes to sustainability reporting, as SMEs brace for new emissions data expectations impacting value chains.