Business costs, and the deductibility of interest expenses
If a business racks up an interest bill from borrowing funds to pay for the expenses of running the business, or to acquire other income-producing…
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Read MoreBusiness costs, and the deductibility of interest expenses
Are personal carer travel costs claimable? It depends
A recent court decision, and subsequent appeal, has ramifications for taxpayers with disabilities, and who are in need of a personal carer. The decision centres…
Company tax franking implications
The recent cut to the tax rate for incorporated businesses that turnover less than $50 million a year, while generally welcomed, can bring with it…
The CGT implications of subdividing and building on the family property
Given the state of the property market in Australia these days, a not-uncommon situation can arise where a residential property owner seeks to demolish and…
Client Newsletter – May 2017
The CGT implications of subdividing and building on the family property Given the state of the property market in Australia these days, a not-uncommon situation…
Regulatory Roundup – May 2017
More super reform changes being made on the fly Further rumoured amendments to the superannuation reforms taking effect on July 1, 2017, only roughly two…
What is your “total superannuation balance” and why does it matter?
Recent superannuation reforms introduced a concept of “total superannuation balance”, which on the surface may give the simple impression that it is the sum of…
Rental property owners can get regular ATO attention on “initial repairs”
The ATO frequently re-focuses its attention on claims that investment property owners make for repairs to rental residences that it deems to in fact be…
Claiming Gumtree and Facebook bought assets
A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that you should keep in mind for work-related or business…