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
If you’re a small employer with 19 or fewer staff, the countdown to your first Single Touch Payroll (STP) report has already begun. 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.
The 2019-2020 Federal Budget (Budget) has been delivered with Treasurer Josh Frydenburg announcing a ‘back in the black’ Budget, supporting a stronger economy and secure future for Australia. Read more
Negative gearing is set to be a key issue in the upcoming federal election.
If elected, Labor intends to reform the practice with the aim of improving housing affordability. The Coalition intends to leave negative gearing as is.
But what is negative gearing, how does it work and what exactly are the changes Labor has proposed? Read more
Happy New Year to all our valued clients and friends! We wish you and your families a happy and prosperous 2019. Read more
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