The Victorian Government has announced there will be a three month extension to the HomeBuilder program as a result of the Stage 3 and 4 COVID-19 restrictions across the state. Read more
The secret to a successful business is to make sure you are not just working IN your business but that you are also working ON your business. As we settle into the new financial year, there’s no better time to give your business a financial fitness check.
More and more Australian investors are choosing to renovate their investment properties before leasing them out. However, investors who live in the property while renovating risk missing out on thousands of dollars in property depreciation deductions. Read more
Travelling for work can be expensive, whether it’s visiting customers in your home town or attending a conference overseas, so it’s important to claim everything you are entitled to in your tax return, keeping in mind that the Australian Taxation Office (ATO) is paying increasing attention to claims in this area. Read more
It can be hard to navigate the rules around vehicle deductions if you’re a small business owner. Whether you use an accountant or lodge your own tax return, this information will help you when claiming deductions for motor vehicle expenses for your business. Read more
Tax time is here! We have five tips to ensure you maximise the deductions for your investment property. Read more
If you use your own car for performing work related duties (including a car you lease or hire), you may be able to claim a deduction on your tax return for vehicle expenses.
Given the significant changes to how the Australian Taxation Office (ATO) is now assessing travel in utes, Fringe Benefits Tax (FBT) may now be applicable where it previously wasn’t. Read more
The Government has released a proposal to increase the thresholds for determining what constitutes a large proprietary company under the Corporations Act 2001. Read more
Since 1 July 2018, buyers of new residential premises or potential residential land may now be required to withhold an amount from the purchase price and pay that amount to the Australia Taxation Office (ATO) on or before property settlement. Read more