AFS NEWS | Your partners in success

Commonly missed deductions

Depreciation is a complex area, so unless you’re a specialist quantity surveyor or a qualified tax accountant, it can be hard to understand.

Power imbalance between car dealers and manufacturers in review

Automotive dealers are calling on the federal government to step in to address a power imbalance between large car manufacturers and independent auto retailers amid concern businesses are resorting to desperate measures to stay afloat.

AFS celebrates business milestone with VCCI

AFS recently celebrated a large milestone in business.

Proposed changes for negative gearing and Capital Gains Tax

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 […]

Client Update – February 2019

Happy New Year to all our valued clients and friends! We wish you and your families a happy and prosperous 2019.

Business calculator claiming

Attention employers: tax changes for company cars

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.