Categories
Latest News
Individuals - What's Changing on 1 July 2018?
These are the main changes ahead for individuals from July 1 2018 including: personal tax bracket changes, introduction of the low and middle income tax offset, GST on property developments and residential subdivisions.
... read moreTax Planning Tips - 2018
Here are our top five tax planning tips for 2018. It’s early June now, and a perfect time to go over these tips.
... read moreCGT and the family home
Expats and foreign residents beware! The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate.
... read moreHow To Help Ensure Your Superannuation Contributions Don't Exceed The Caps
Changes in the superannuation contribution caps, which kicked-in last year, give an added reason to keep a close eye on your contributions.
... read moreWithholding GST as at 1 July 2018
As of 1 July 2018 there is another change to how new residential property sales are treated. Purchasers will now need to withhold GST from the purchase price on behalf of the vendor, and remit it to the ATO.
... read moreTariffs, Trump and Other Global Political Risks in 2018
Geopolitical events like Brexit and Donald Trump’s election in the US “surprised” investors in 2016 but had no lasting negative impact on global financial markets. Now in 2018 it’s already clear that geopolitical events remain significant, for example with Trump’s tariffs and the messy Italian election result.
... read moreTax Deductions In Danger
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact.
... read moreSubdividing Your Backyard
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 build and sell straight away. All these are options to consider and each has its own tax issues!
... read more