News and Resources | real-estate-audit

Gabriel Wee

Jul 193 min read

Maximize Efficiency with Our Spare Capacity

Leverage Our Spare Capacity for Your Business Needs in Australia At Graphite Business Advisers, we take pride in providing precise and...

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Elevating the Game: Graphite Business Advisers' Insight Event 2024

Gabriel Wee

May 142 min read

Elevating the Game: Graphite Business Advisers' Insight Event 2024

On February 22, 2024, Graphite Business Advisers (GBA) hosted an engaging seminar titled "Elevate Your Game in 2024: Striving and...

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Gabriel Wee

Apr 82 min read

Navigating the Future: Australia's Real Estate Sector Amid Regulatory Shifts and Market Dynamics

Australia's real estate sector is navigating through a transformative phase, underscored by significant legislative changes and market...

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ATO important changes to the foreign resident capital gains withholding tax regime 外国居民资本受益预扣制度的重要变更

Gabriel Wee

Mar 202 min read

ATO important changes to the foreign resident capital gains withholding tax regime 外国居民资本受益预扣制度的重要变更

The Australian government has announced changes to the Foreign Resident Capital Gains Withholding regime (FRCGW). Of note, the FRCGW tax...

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Magdalene Chong

Jul 10, 20231 min read

How to Lodge the Audit Report? (Part 2)

An agent should know where to lodge the audit report, many state or territory regulators no longer accept paper-based auditor reports....

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Magdalene Chong

Jul 4, 20232 min read

Trust Account Audit Tips (Part 1)

Make a reminder on the upcoming Trust Account Audit dates! Every agent should know the audit period and the due dates. This is to keep...

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Gabriel Wee

Mar 30, 20232 min read

Trust Account Auditing: Why You Need It and How Real Estate Audit Can Help

Trust accounts are an essential part of the real estate industry. They hold money on behalf of clients, such as tenants, landlords, and...

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Gabriel Wee

Aug 18, 20222 min read

Quick Facts about Trust Account Audit in Australia (Real Estate)

1) What is Trust Account? Money received from real estate transactions must be deposited into a trust account by law. Any money received...

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Magdalene Chong

Aug 4, 20224 min read

Avoid Making These 9 Trust Accounting Errors

As Oscar Wilde famously said, “experience is simply the name we give our mistakes”. So, if you’re currently making these common trust...

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Magdalene Chong

Aug 4, 20222 min read

Top 10 things to remember for tax time

The ATO has published a list of 10 key points to note in completing individual tax returns for the 2022 year. Some of the more critical...

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Magdalene Chong

Jun 7, 20222 min read

ATO warns of DPNs

It has come to our attention that the ATO is warning tens of thousands of directors to take action on company tax debts or face the risk...

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Magdalene Chong

Jun 6, 20223 min read

Can I claim a tax deduction for my gym membership?

There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym...

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Magdalene Chong

May 31, 20223 min read

The 120% deduction for skills training and technology costs

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will...

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Magdalene Chong

Apr 1, 20221 min read

The Importance of Trust Account Audit

Trust account is a special type of bank account. It is where money is held by the agent, including any staff of the agency's, on behalf...

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Magdalene Chong

Jan 14, 20223 min read

Ways to Identify & Prevent Trust Account Theft

It is very crucial act to protect your agency’s trust account from fraud, as clients’ have put their trust in your agency to hold their...

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Magdalene Chong

Nov 29, 20211 min read

SMSF COVID-19 Audit Relief Extended

The COVID-19 relief for SMSF trustees has been extended by the ATO. The relief measures, which protect trustees from COVID-19 related...

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Magdalene Chong

Nov 15, 20212 min read

How to deal with Unclaimed Money in your Trust Account?

Have you ever been troubled by unknown funds that have been staying in your trust account for a long period of time and do not know how...

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Magdalene Chong

Nov 3, 20211 min read

Trust Account Theft VIC

After being convicted of trust account violations, a former real estate agent received a two-year Community Corrections Order and must do...

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Magdalene Chong

Oct 27, 20211 min read

Recruiting new employees? The 1 November superannuation rule changes

When a new employee joins your company, the Choice of Fund form is used to choose where they want their superannuation to go. If an...

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Magdalene Chong

Oct 18, 20213 min read

Understanding Your Trust Account

What comes to mind when you consider your trust account? Is your blood pressure rising as you tremble in your shoes? If that's the case,...

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