An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing.This will increase the potential... read more →
In Australia, the Pty Ltd Company (proprietary limited company) is one of the most popular business structures chosen by entrepreneurs and business owners. Pty Ltd companies offer both distinct advantages... read more →
A Self-Managed Super Fund (SMSF) is a unique and increasingly popular retirement savings vehicle in Australia. SMSFs offer individuals and families greater control, flexibility, and investment choices than traditional superannuation... read more →
If you have a rental property, are you aware of the rules around claiming second-hand depreciating assets? Second-hand depreciating assets are depreciable items previously used or installed and ready for... read more →
Feel like your business is stuck in a rut? Unable to solve a problem that you know is going to cost you in the long run? Struggling to navigate your... read more →
When estate planning, most people focus on what will happen to their family and their assets after they pass, often neglecting to consider what would happen if they were to... read more →
At the worst time of your life, the last thing you want to think about is tax. When a loved one dies, however, their affairs must be dealt with at... read more →
As businesses grow, you will inevitably need to create new roles and hire new staff. Adding a new member to your team is always a challenging task, and when hiring... read more →
While the hustle and bustle of operating and managing a business can occupy your mind, it’s important not to forget your superannuation obligations to your employees. Those who fail to... read more →
There are key differences between having a hobby and running a business, and they’re mostly to do with your tax, insurance and legal obligations. It's important to understand the characteristics... read more →
Small business owners may be able to claim deductions for the costs of using their home as a principal place of business when filing their income tax return. A home-based... read more →
Throughout the financial year, there may be periods where your business finds itself facing a recurring problem with its cashflow. Small businesses with cash flow issues may find themselves more... read more →
If you’ve made a major investment in the last financial year, any income made from it will need to be included on your tax return. Any income earned from investments... read more →
Superannuation planning is just as important as tax planning at the end of the financial year. As such, it is an area that needs to be carefully reviewed and checked... read more →
As the financial year comes to a close, now is the time to visit your accountant or tax advisor to discuss tax planning for your business in 2023. At the... read more →
In some circumstances, superannuation contributions can be claimed on your tax return if they are made to a super fund or retirement savings account. However, these circumstances are limited and... read more →
One of the most important decisions you have to make before you start a business is what structure your business will be operating under. This will be reflected in all... read more →
There’s been a lot of buzz around superannuation since the 2023-24 Federal Budget was announced. One such buzz involves the concept of ‘payday super’. Payday super has been introduced by... read more →
As we approach the end of the financial year, it is very important to consider the tax impacts of certain decisions that are made by your family trust—namely, the signing... read more →
As expected, the 2023-2024 Federal Budget has placed a strong emphasis on the cost of living and establishing a stronger, secure economy. From an SMSF perspective, we were pleased to... read more →