Common errors of new rental property owners Putting your money into bricks and mortar has been a traditional stalwart of investing for generations of Australians. It continues to be viewed as a solid place to park spare cash and build…
What powers does the taxman have to access your information? When it comes to collecting tax money owing, the Tax Office has considerable legal powers at its disposal. This isn’t all that surprising, given that government coffers would be empty…
Financial advice: What’s deductible, what’s not The cherry on top of your sensible decision to obtain quality tax planning or investment advice is to find that some of the costs involved are tax deductible. But while the tax law allows…
Did you know… The ATO wants your personal contact details The Individual tax return 2014 for tax agents includes additional fields asking us to provide your email address and mobile phone number. The Tax Office states that this will enable…
The cherry on top of your sensible decision to obtain quality tax planning or investment advice is to find that some of the costs involved are tax deductible. But while the tax law allows specific deductions for certain expenditures regarding…
All you need to know about Bitcoin – July 2014 Lauded for its convenience and lack of dependence on a central authority as much as it is derided for its unpredictability and the anonymity it grants criminals, global digital phenomenon…
CGT exemption for two homes – July 2014 It is generally accepted that an exemption to capital gains tax applies to the family home, or “main residence”, and the exemption usually applies for only one home at any given time.…
Which home office expenses can you claim? – July 2014 If you operate your business in full or in part from home and are required to use your own computer, phone or other electronic devices for work purposes, you may…
Deceased estates: Some essential information – July 2014 Unfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s…
Common errors in relation to PAYG reporting – July 2014 The Tax Office has recently published some common errors identified when reporting quarterly pay-as-you-go (PAYG) instalment income in activity statements, and has issued the following tips to help to avoid…