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 →
If youโve 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 →
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 trustโnamely, the signing... read more →
There are no more shortcuts when it comes to claiming your work-related expenses this financial year! The popular โshortcutโ method is no longer available to be used for the 2022-23... read more →
It may seem like the importance of record-keeping is overly stressed by us, but itโs a critical part of the wrap-up of the year-end. Good record-keeping makes it easier to... read more →
Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do that, you need to know where to start. Here are... read more →
Benjamin Franklin once famously said, โif you fail to plan, you are planning to failโ. He may not have been referring specifically to businesses but it is an apt statement... read more →
Tax deductions introduced by the Australian Taxation Office to lessen the impact of COVID-19 are approaching the end of their eligible timeframe. To ensure that you or your business do... read more →
The calculation of income tax for businesses becomes more complex as business activities and income streams grow. There are two primary considerations that arise when calculating income tax: assessable income... read more →
This time of year many clients take the opportunity to have a proactive tax and compliance planning strategy before the end of the financial year in order to maximise tax... read more →
Many employees are now being required to work from home to meet social distancing requirements placed on them by COVID-19, and are now faced with meeting some of the costs... read more →
Maximise your tax deductions for the 2019-20 financial year by planning and reviewing your records. Here are top tips for businesses and individuals when it comes to year-end tax planning:... read more →
Staying on top of record-keeping all year round can save time, reduce stress for small business owners and help to maximise your tax return. Although record-keeping can seem like a... read more →