The Ark Accounting Corp.

09/02/2026

🌊 On Friday, 13 March, during Climate Action Week Sydney, we’re hosting a rare kind of event, one that shows how Australian research with up to 90% demonstrated methane reduction is moving beyond trials and into real commercial reality, powered by 400 years of Korean Ocean Farming.

The room will be full of people who are actually building this transition.

✈️ And yes! on the day, we’ll be running a draw for a return flight to Korea.

📅 Friday, 13 March

Registration Open:

https://luma.com/u5bpr9y4

Save the date🌊

27/08/2024

As the tax season nears its end, there's still time to implement key strategies that can significantly impact your business. Maximizing industry-specific deductions and credits, optimizing your business structure for tax efficiency, and planning ahead for tax-effective business succession are crucial steps to consider.

Additionally, engaging in cost segregation studies for better depreciation benefits and exploring R&D tax credits can further enhance your financial position.

Move beyond basic tax filing and take action to strengthen your business's financial health. Make sure to take advantage of these opportunities before the season wraps up!



www.sailorsaccounting.com

26/08/2024

Considering starting an SMSF? In this video, I outline why $200,000 is often seen as the minimum capital required and discuss the critical factors to ensure your SMSF is set up for long-term success. Making informed decisions at the outset is crucial to maximizing your retirement wealth.



PROMOTION www.arksuccess.com
OFFICIAL www.sailorsaccounting.com

19/08/2024

SMSF Tax Phases in Australia

Accumulation Phase: During this phase, SMSF members contribute to the fund, and investments grow. Income is taxed at 15%, while capital gains on assets held over 12 months are taxed at 10%.

Retirement Phase: When members retire and draw a pension, the SMSF enters the retirement phase. Income and capital gains on retirement assets are generally tax-free. However, the Transfer Balance Cap, currently set at $1.9 million per individual, limits how much can be transferred to this phase. Any excess remains in the accumulation phase and is taxed accordingly.

Managing these phases effectively is key to maximizing your SMSF's benefits. Right now, we are offering a special promotion on our SMSF services. For tailored advice or to take advantage of this limited-time offer, visit www.arksuccess.com

19/08/2024

Discover how Australian businesses can stay competitive and lead in sustainability by adopting the new IFRS S1 and S2 standards. Learn about the critical role of ESG factors in financial reporting and how our services can help your company navigate this transition smoothly.

https://www.sailorsaccounting.com/post/why-sustainability-reporting-matters-now-more-than-ever-understanding-ifrs-s1-and-s2-for-australian

Reporting

The new IFRS standards embed ESG factors into financial reporting, marking a pivotal shift for industries like energy, mining, agriculture.

15/08/2024

Annual SMSF Audits Are Essential.

A small mistake can lead to significant losses. Prevent those mistakes with an annual audit.

www.sailorsaccounting.com

12/08/2024

Explore how The Ark Accounting Corp. can help your business navigate Australia's evolving electric vehicle market with strategic tax planning, sustainable growth strategies, and infrastructure investment consulting. Position your business for success in the EV revolution with expert guidance tailored to the latest industry trends

https://www.sailorsaccounting.com/post/taxation-and-incentives-for-electric-vehicles-evs-in-australia

Australia’s approach to electric vehicle (EV) adoption is at a critical juncture, with the federal and state governments introducing various incentives aimed at fostering the transition to a low-emission future. However, challenges persist, particularly in terms of taxation, infrastructure, and ma...

08/08/2024

At The Ark Accounting Corp. in Sydney, Australia, we've worked with many international clients and understand the challenges they face. Here are six key tips to help you stay on top of your international tax obligations:

1. Understand Tax Residency Rules
Knowing where you’re a tax resident is crucial. Each country has different criteria, and this determines where you must pay taxes. Ensure you’re clear on these rules to avoid unexpected liabilities.

2. Report Foreign Income and Assets
Always report your foreign income and assets accurately. This includes overseas investments, rental properties, and bank accounts. Many countries, including Australia, have strict penalties for non-compliance.

3. Navigate Double Taxation Agreements
Double taxation agreements (DTAs) prevent you from being taxed twice on the same income. Understand the DTAs relevant to you to optimize your tax position.

4. Consider Tax Implications for Expats
If you’re an expat, be aware of the specific tax rules that apply to you. In Australia, the ATO provides guidelines on tax residency and reporting foreign income. You might be eligible for certain exemptions or concessions.

5. Understand GST Systems
Goods and Services Tax (GST) systems differ worldwide. In Australia, GST is 10%. If you’re doing business internationally, understand when and how to charge GST, claim credits, and maintain compliance.

International tax issues are complex. Professional advice can ensure you’re compliant and optimising your tax strategy. For personalised international tax solutions, reach out to us. www.sailorsaccounting.com

05/08/2024

There isn't a specific percentage mandated by the Australian Taxation Office (ATO) for how much your SMSF investment income should exceed your borrowing amounts. However, maintaining a strong surplus is essential for compliance and the financial health of your SMSF.

12/07/2024

It was an honor to attend the Australian Association of Animal Sciences (AAAS) 2024 Melbourne Congress & Conference.

The 3-day event brought together leading experts in animal science to discuss advancements in genetics, nutrition, health, and welfare.

Over the past year, I’ve built strategic partnerships with innovative businesses, and our dedication is finally taking off.

If you’re interested in global expansion, venturing into clean tech, or ESG advisory, let’s connect.

12/07/2024