Avoid Schemes Targeting SMSFs
Sometimes promoters of schemes target self-managed super funds (SMSFs). Schemes can include tax avoidance arrangements that inappropriately channel money or assets into your SMSF so…
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Appointing An SMSF Auditor
Early last month, the ATO issued a reminder around auditors. If you have an SMSF, you need to appoint an approved SMSF auditor for each income year,…
GST Refresher For Your Business
Most businesses are familiar with how GST works. But here’s a few reminders to make sure you’rebeing compliant and maximising your GST claims. GST is…
Costs Of A Caravan/Motor Home For Work-Related Travel
SCENARIO: I run a small business that requires me to travel quite a lot, particularly to country areas where I will often stay overnight. To…
Self-Education – When Is It Deductible?
There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration under the…
Discounting Your Capital Gain
The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that…