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SMEs Must Speak To Both Their Accountant And Broker Before Purchasing Property
If the accountant and broker are working separately, neither parties will be informed of important details on their end.
... read moreHow Much Can You Claim On Your 2019 Return?
The ATO have sophisticated data matching tools which allow to identify any out-of-the-ordinary or ‘too high’ claims.
... read moreThe Difference Between Income Tax And Instalment Tax
If your business activity drops my suggestion is to go and talk to your accountant and they should be able to drop the amount per quarter that you have to pay.
... read more60,000 Tip-Offs Helping The ATO To Find Tax Cheats
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019.
... read moreAirbnb Renters To Be Under Tax Office Scrutiny
Similarly to last year, users of the highly popular Airbnb platform will struggle to get away with illegal deductions on their 18/19 tax return.
... read moreExtension & Increase To The Instant Asset Write-Off For Small Businesses
The popular instant asset write-off for small business has been extended and increased.
... read moreFringe Benefits Tax Is a Nuisance
It’s particularly frustrating for our small business clients, as they often have work-related car use or take their employees out for lunches or social functions.
... read moreClaiming Car Expenses: Cents Per Km or Logbook Method?
From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.
How Tax Planning Can Maximise Your Tax Return
As tax advisors, the coming months are the most important time of the year. If you are a small business owner, you should consider this as a vital period for you too, because right now is when you are best to conduct your tax planning.
... read moreOur Pre-Election Tips & Advice
We’re two weeks out from the federal election, and it’s time to freeze.
Don’t do anything, small business people.
... read moreThree Must-Know Tips For Commercial Leases
Commercial leases are a must for many small businesses, so these are my few tips to help you out before you get into tricky situations.
... read moreThree Must-Know Tips For Commercial Leases
Commercial leases are a must for many small businesses, so these are my few tips to help you out before you get into tricky situations.
... read moreDo I Have To Pay GST On My Residential Property Development?
It’s easy to become confused about GST and how it applies to residential property developments.
... read moreOvercapitalising: What It Is And How To Avoid It
As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?
... read moreWarning For Tax On Overseas Income
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income.
... read moreAmendments To Retirement Phase For Super
Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 passed both Houses on Tuesday, the 12th of February 2019.
... read moreCan I Use Superannuation To Pay For A Funeral?
Over the past months, I have written a number of articles on paying for the cost of a funeral. No discussion would be complete without considering superannuation after death.
... read moreATO Increases Home Office Expenses Rate
Small businesses and taxpayers who run their office from their home will now be able to claim a larger rate for their running expenses.
... read moreFive Areas Of Concern For Growing Businesses In 2019
If you’ve got a growing business, these are the main areas you need to be concerned with this year.
... read moreNo Tax Deductions If You Don’t Meet Your Tax Obligations
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations.
... read moreA Simple Guide To Small Business Loans
Small business loans can be great when you need to get your brand up and running or cover unexpected expenses. However, it’s useful to understand the difference between the available options before committing to one.
... read moreAccessing Your Super For Estate Planning Purposes
You normally can’t use your super until you reach your preservation age but there may be a way to have your super released early if you meet an eligibility requirement. In relation to estate planning the relevant tests would include;
How Your Bank Calculates A Business Risk
Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you.
... read moreATO Continues To Knuckle Down On Property Claims
If you own an investment property, it’s more important than ever that you know what you can and can’t claim in your tax return.
... read moreFour Areas The ATO Are Targeting In 2019
The tax office now have the best computer system that they’ve ever had, and they’re putting it to use on the Australian public. There are four things that the ATO won’t let slide in 2019.
... read more