Category: Faqs

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Financial KPIs for Strata

Financial KPIs for Strata

KPIs aren't just for profit-driven businesses — strata propertiess can also benefit from clear, tailored performance indicators. This article explores practical financial KPIs for both admin and reserve funds, and how a visual dashboard can make them easier to understand

Tax Return Not Necessary... Is Necessary (Huh?)

Tax Return Not Necessary... Is Necessary (Huh?)

Think a strata company only needs to lodge when there’s income?  Not quite. This article clears up the common confusion between tax returns, nil returns, and Return Not Necessary (RNN) submissions — and why every building needs one of them

What is the Strata GST Registration Date?

What is the Strata GST Registration Date?

From what date do you register a strata company for GST? Is it the start of a tax year, the previous year end, the next levy issue date—or something else entirely? This article explains the correct date and the logic

Containers For Change - Tax Implications

Containers For Change - Tax Implications

With many strata buildings considering a container deposit scheme to encourage recycling and generate extra income, it’s important to understand the GST and income tax implications before implementing the initiative.

Income Tax Recording - Best Practice

Income Tax Recording - Best Practice

Accrual based accounting (recording income and expenses based on when they're incurred rather than when paid) is the accepted best practice in strata.. but it can cause a headache when it comes to income tax.