Investing for growth, or investing for income? Every investor goes in with dreams of a pot of gold, but there is a fundamental dichotomy of investor types – one looks to line their pockets with investment returns along the way,…
With the year steadily making its way towards the festive period, businesses that are turning their attention to end-of-year celebrations will need to keep in mind the tax implications of throwing a Christmas party or handing over gifts to staff.…
Five tips to avoid common fuel tax credit mistakes The Tax Office has issued advice regarding fuel tax credits after it noticed some errors creeping into recent activity statements — also reminding businesses that rates can change regularly (and have…
Carry-forward tax losses Got a carry-forward tax loss burning a hole in your business’s pocket? Don’t get too creative if you’ve thought how handy it would be to absorb that loss as a tax deduction for a future income year.…
What you need to know about volunteering & tax The worryingly early start to Australia’s bushfire season in New South Wales means scores of local volunteers are standing on the frontline, battling and protecting residents from the devastating fires. This…
Christmas cheer – with no FBT fear With the year steadily making its way towards the festive period, businesses that are turning their attention to end-of-year celebrations will need to keep in mind the tax implications of throwing a Christmas…
Trusts 101: What are they, and how do they work? One of the big motivations for considering using a trust will be to protect assets. Property and other assets can be moved into a trust for protection from creditors, to…
Establishing an SMSF is a clear sign that you know the importance of planning for the future. But one other central consideration is to make sure you also plan for the time beyond your own lifetime. One misconception many people…
Individuals are generally entitled to a 50% discount on a capital gain where a CGT asset (such as a property) is disposed, provided that the asset is held for at least 12 months. However a recent change has altered the…
No one’s exempt from having to pay taxes – not even your favorite sports stars who may play in the rugby league, rugby union, soccer or Australian Rules football. Players in our great football codes may have hung up their…