Many strata buildings are sitting on small tax losses without realising they could be turned into tax-free income. In this article, we explain how such losses work — and how they can be used by strata buildings to earn tax free

Preparing a strata budget is the point where GST obligations can quietly kick in. This article walks through what to watch for, and what to do, when proposed levies (all levies in total) push past the $150,000 annual threshold for

Timing mismatches between Status Certificate Income and related expenses can lead to unnecessary tax liabilities for strata companies, but a simple adjustment in charging practices can help avoid this issue.

Voluntarily registering a strata for GST does not add 10% to levies.  In fact, for commercial lot owners, it actually works out to be cashflow positive.

This article outlines how the ATO has significantly hardened its stance on penalties and interest, making it much more challenging to obtain remissions.

Find out about recent StrataMax changes to creditor account posting and Ascend's temporary workaround to the issue they've created.

What to look out for in the handover financials when taking on a new strata management.

What Strata Managers need to know.

The ATO has been in a generous mood for early payers in recent times

With the new financial year upon us, we thought you might like a quick 'ready reckoner' of tax obligations for your strata clients:

The Australian Government has announced stimulus packages aimed at helping Australians navigate financial hardships as a result of COVID-19.