This tax season will see the ATO specifically targeting extreme or inappropriate deductions made by rental property owners. While it is not uncommon to make some mistakes when claiming rental deductions, it is necessary for taxpayers with rental property interests to get their deductions and expense claims right to avoid... read more →
Oct
26
Oct
20
Sometimes business owners need their employees to develop or grow their expertise and skills in a particular area. While training courses like seminars and one-day intensives can be a worthwhile investment, there are still a few things employers should consider from a tax point of view. Although employers can claim... read more →
Oct
14
Don’t get caught out by the ATO when lodging your work related expense claim this financial year. Unusually high work-related expense claims from any industry or occupation in the country are on the ATO’s hit list this year. The tax office has stated that it will be paying particular attention... read more →
Oct
07
Keeping valid and accurate records from the time you purchase your holiday retreat can pay off when it comes to selling the property and calculating CGT. Owners should not forget to take into account the capital gains that may arise when they eventually sell their holiday house. Since only an... read more →
Oct
06
Cash flow is extremely important for the viability of your business. We are continually seeing issues with businesses being “strung out” by their major customers for payment which is creating a great deal of financial pressure on businesses. Do you find your asking yourself? • Do I have enough cash... read more →
Oct
01
Finding loyal customers in these hard economic times is one of the most challenging aspects of running a business. Retaining customers you already have is vital before you continually search for more. Think about how much your customer spends with you on an ongoing basis across the years. Have you... read more →
Sep
30
If you are the owner and manager of your business it is imperative to plan for a time when you are no longer there. How would you answer these questions right now? 1. Regardless of your age or short-term goals, do you have a clear plan for where your business will... read more →
Sep
27
There is no doubt that the very thought of claiming on your own insurance policy is depressing, but the research proves that you (and even me) may be unable to work for an extended period during your working life due to sickness or an accident. The problem is that nobody... read more →
Sep
23
Most people can choose to own life insurance themselves, or to set up this insurance through their superannuation fund. But this is not just a simple decision - the way these policies operate and are taxed may change depending on whether they are held inside or outside super. A key... read more →
Sep
18
When considering a home loan, the first and often only comparisons made by most borrowers are the interest rate and fees charged. Home loans come with so many options these days that it is worthwhile taking a look at the features of each loan to see which one suits your... read more →