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George Costanza’s prenup didn’t work because he didn’t have any dough...but what if he did?
Remember poor old George Costanza from Seinfeld who tried to get out of a defacto relationship by suggesting to his Partner a prenup agreement when they married. It backfired on George of course because he had no dough!
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Great news for business people stuck in company structures!
The Government has introduced the “Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016”.
What does this mean for me?
It’s fantastic news for business owners who have been set-up in a dreaded company structure, at present this structure can be extremely difficult to transfer out of, due to capital gains tax (CGT) implications.
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Is offset or redraw the best? - API Article
I had a conversation with a client a few weeks ago that went something like this: “So, you’ve just signed your property purchase contract, congratulations!” followed by my asking “Will you be living in it or renting it out?” and “Have you got the finance sorted?”.
... read more2015 Tax Checklists
Our 2015 checklists have now been uploaded to our website. Go to Resources, Taxation Checklists to download them and start getting your information ready for your 2015 return.
... read more2015/16 Variation Checklist
Our 2015/16 Variation Checklist is now uploaded to our website. if you have not already done so, now is the time to request a 2015/16 PAYG Withholding Variation. A new variation must ......
... read moreThe Tax Implications of Subdividing your Backyard - API Article
Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision.
There are many different strategies with different outcomes, depending on whether you’re planning to sell the part with the house, or the vacant land, or build and move in, build and rent out or .....
... read more2014 Checklists
Our 2014 checklists have now been uploaded to our website. Go to Resources, Taxation Checklists to download them and start getting your information ready for your 2014 return.
... read moreHave you claimed your baby bonus for a child born between 1 July 2001 - June 2004?
If you have not yet claimed your baby bonus for the birth of your child (or adoption) born between 1 July 2001 and June 2004, you have until 30 June 2014 to do so. To make a claim you will need to ...
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