Categories
Latest News
Problems That Occur When Subdividing Your Land
Many Australians decide to subdivide their backyard without considering how that can affect them from a tax point of view.
... read more
What Expenses Are Allowable Deductions For A SMSF?
The expenses considered deductible by super funds are similar to that of individuals. Essentially, it should be items that are losses or outgoings incurred while producing or gaining assessable income.
... read more
Working From Home: What Deductions Can You Claim?
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide you through what you can and can’t claim if you work from home.
... read more
The Rules For GST And Food
Owners of cafes and restaurants, and any businesses that sell or prepare food, need to be aware of when to charge GST. Unfortunately, it is not often a simple yes or no. Navigating the world of food and GST can be like weaving through a maze. A delicious maze, albeit.
... read more
What Changes As A Small Biz Owner Once My Kid Turns 18
I’ve got some good news for you… No, I can’t promise you they’ll be safe and sound. But I can give you some pleasing financial info. While your kid is gallivanting around, we can work out how to use those kids to our benefit in your business.
... read more
What’s The Tax Benefit Of A Negatively Geared Property?
With a negatively geared property, you’re going to have generated a loss, and that loss is then used to reduce your taxable income and increase your tax refund at the end of the year.
... read more
Super Splitting With Your Spouse
Super splitting is important when one member of a couple has a much higher super balance. It is also beneficial for couples that have a large age gap between them. Also, people with relatively low superannuation amounts will benefit from the ability to split super contributions with their spouse.
... read more
How Much Can I Save By Purchasing Property In A SMSF?
Quite a few years ago, I did some calculations on having a geared property within super versus a market linked ungeared fund portfolio.
... read more