Federal Government has brought forward the planned 2022 tax cuts to help stimulate the economy Seen as a controversial move and sitting at $17.8 Billion over the original estimate, a fast tracked and enhanced version of the planned tax cuts in Australia is here. If you earn over $37,001 a year, which is 11 million […]
Work from home this year? How to claim expenses the right way
Is a shortcut always the best option? Due to the mass exodus from commercial office to home office over the last few years, the ATO extended their simpler, Shortcut Method to claim work from home expenses. Initially intended to run for a year when C-19 rudely interrupted our ‘Normal’, as the trend for working from […]
Can the JobKeeper Payment Scheme Help My Business?
With the ATO issuing a warning to get moving on JobKeeper payment applications, it’s time to check your eligibility and talk to your employees. But what exactly is the JobKeeper Payment Scheme and how does help you and your business? Let’s do a quick rundown: What is the JobKeeper Payment Scheme? JobKeeper is a government […]
A guide to de-facto tax: What happens now you are 2?
It doesn’t matter whether you are for or against the joint finances debate, once you sign a rental lease or a purchase contract with a partner you become a de-facto couple by law and when it comes to tax. What does this mean? Well apart from sounding like an antacid tablet, for tax concerns, de-facto […]
Benchmarking: How does your business measure up?
Every year the ATO publish small business benchmarks that outline how a typical business performs in each industry. If your business falls outside of the benchmarks the ATO sets, they are likely to take a closer look. If you find your business does fall out of the usual range, you may be asked by the […]
Holiday rental tax deductions: getting it right!
You could be eligible for valuable holiday rental tax deductions if you own a property you use as a holiday rental It usually takes a little time to see a profit but with holiday rental sites like AirBnB and others making holiday rental investments even easier, a growing number of property owners have turned their attention […]
Rental Property Tax Deductions
Are you claiming all your Rental Property tax deductions? If you own an investment property (or are thinking of purchasing one) there are many related expenses that you may be entitled to claim as a rental property tax deduction. However, the expenses you can claim as rental property tax deductions can vary depending on your circumstances. They […]
Local Small Business: Are you a local hero?
As a local small business owner you have the ability to be a local hero: A business that people love not just for what you sell or the services you offer but for the unique way in which you and your staff run your business as an integral part of the community. It’s inevitable that […]
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