How does the Budget impact individuals?
Here are some of the measures that have come out of the Budget and how they impact individuals. Low and…
How does the Budget impact small businesses?
Here are some of the measures that have come out of the Budget and how they impact small businesses. Immediate…
Don’t forget about the small business income tax offset
If you run your business as a sole trader or receive a share of small business income from a trust…
GST and Small Business
GST and property transactions When will you get credits? To ensure you can receive GST input tax credits on time,…
What the ATO is seeing in the small business market
On 2 November 2018, the Deputy Commissioner of Small Business, Deborah Jenkins, delivered a keynote address at a conference run…
Do you hold vacant land? Your expenses may no longer be deductible
Are you a property owner sitting on vacant land? The Government has recently released draft legislation to deny deductions for…
Do you import goods and services?
Do you import goods and services? GST applies to most imports over $1,000. GST is 10% of the value of…
Do you borrow or use business assets for your personal use and enjoyment?
If you answered yes to this question, then the legislative provisions of Division 7A of the Income Tax Assessment Act…
Rental property deductions – the do’s and don’ts!
Do you own a rental or investment property? If the answer is yes and you are thinking of buying one,…
Claiming decuctions? Top 10 myths busted
The ATO has identified the top 10 tax myths it says are causing incorrect claims. Myth 1: Everyone can automatically claim $150…
