Rental expenses in excess of income not deductible
With many parts of Australia in the grip of a rental crisis, a significant number of tenants may be residing in the properties of friends…
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Read MoreRental expenses in excess of income not deductible
The tax consequences of land subdivision
It’s quite common for individuals to subdivide land they own, and then sell off one of the blocks. Depending on the circumstances, this can have…
Client Newsletter – November 2022 – Federal Budget Special
Click here for a pdf version of this article. Business and Individual Taxation The confirmation of lucrative income tax cuts, and the scrapping of a…
ATO tax time focus for small business
ATO tax time focus for small business The ATO has released a tax time tool kit to assist businesses and us as your tax advisor…
Client Newsletter – July 2022
Click here for a pdf version of this article ATO Prioritising Debt Collection As the economy emerges from COVID-19, the ATO is re-focusing on debt…
Downsizer contributions to SUPER
Did you know you could invest the proceeds of the sale of your family home to your superannuation, depending on your age and circumstances? What…
ATO’s New Crackdown on Discretionary Trusts
The ATO has just updated its guidance around trust distributions made to adult children, corporate beneficiaries and entities that are carrying losses. Depending on the…
Small business lifetime cap
Are you a small business owner selling your business or disposing of an active business asset? If so, did you know you might be able…
30 June Tax Planning
As we move towards the end of the 2021/22 financial year, there are a number of year-end income tax planning opportunities that may be available…