How much does it REALLY cost to own a rental property and is it for ME?

Property investment has been a fantastic tool that many of my clients have used to build their wealth where the actual cost of owning a rental property –...

ATO Tax Debts to be Reported to Credit Agencies

If you owe money to the ATO, this currently doesn’t appear on credit checks and hence won’t affect your ability to get finance. BUT this is about to change!...

Plan now before 30 June 2018 hits!

With the end of the financial year only 2 weeks away it is perfect time to review your situation to take advantage of any planning opportunities and ensure...

2018 Federal Budget – the bits you might have missed

Television and news feeds were flooded with the proposed personal income tax cuts after the May 8 Federal Budget announcement, but there were a number of...

The big ‘ATO Tax Grab Scandal’ — 4 take away lessons

The ATO has recently been in the news and featured on Channel 9’s A Current Affairarticle ‘Tax Grab Scandal’ for the ‘unfair actions they were taking against...

The who, what and how of changes to deductions for residential rental properties.

Legislation is now in place from the May 2017 Budget where the Government announced a raft of proposals it hoped would relieve the pressure on residential...

How to pay less tax when you sell a property

Many people invest in property as a way of building wealth and, like all assets, there often comes a time when they need to be sold. And selling assets can...

• tax
• finance
• business profitability
• financial planning

3 places your profit might be hiding

“Where did the profit go?” I hear it almost every day from the businesses I work with. Followed quickly by: “How did I make that much?” and “Why isn’t there...

• business
• financial reporting
• cash flow management
• financial planning

5 Steps to ease tight cashflow in your business

Many businesses suffer the problem of tight cashflow in the post-Christmas period. It’s not only the expense of the festive season; people are away, customers...

General year-end tax strategies

Business Income and Expenses Subject to cash flow requirements, consider deferring income until after 30 June, especially if you expect lower income for...

Proposed 2016 budget changes to superannuation

With year-end fast approaching and people consider contributing funds into superannuation it is important to consider the changes that have been proposed in...

Maximising your current superannuation benefits

Pre-budget speculation around changes to Australia’s current superannuation rules and tax concessions may be a cause for concern among some taxpayers....

ATO crackdown on rental property tax claims

The ATO is targeting those who rent out their property for a few weeks during the year but claim a full year’s worth of tax deductions. The tax office will be...

Changes to collectables

Self-managed superannuation fund (SMSF) trustees should be aware of the new rules for holding investments in collectables and personal use assets that come...

Renovating an investment property

When renovating an investment property, it is important to keep in mind the taxation deductions available such as depreciation and capital works deductions....

Superannuation obligations: employees vs contractors

Employers must be able to differentiate between an employee or a contractor in order to meet their superannuation obligations. While employees work as a part...

Get ready for SuperStream

SuperStream kick-starts on 1 July 2015 for businesses with less than 20 employees and you have until 30 June 2016 to meet the SuperStream requirements. The...

$20,000 Asset Write Off

In the budget on 12 May 2015, the treasurer announced that small business will be able to immediately claim a tax deduction for assets costing less than...

Before your SMSF buys property …

One of the most exciting things about starting a self-managed superannuation fund (SMSF) is the possibility of buying property. Property that you purchase in...

Beware of SCAM refund emails

Good news everyone I am getting a tax refund! But wait … I haven’t lodged my tax return and I actually have to pay tax this year! Over the past few months I...

Make the most of transitioning to retirement — Important for people 55 and over.

As of July 1 2014, there have been some changes to the concessional superannuation contributions cap, which is welcome news to the over 55's. The higher...

Bad debts for tax purposes

It is an unfortunate fact of business life that sometimes you will not be paid in full for work you have done. When this happens you have incurred a bad debt,...

7 Things you need to know about Self Managed Super Funds

1. What is a Self Managed Super Fund? A self-managed super fund (SMSF) is a superannuation fund with a maximum of four members who act as the fund's trustees...

Growing your business (Part 7)

The seventh strategy in this business growth series is about “margin”. In the previous articles of this series we have covered: Increasing Customers and...