ATO crackdown on rental properties
When it comes to claiming tax deductions for your rental property, the Australian National Audit Office (ANAO) determined 9 out of 10 claims….
Initiative Team
About Initiative Team
Posts by Initiative Team:
Who has control of your Company File?
Do you have an accounting Software to record your day to day income and expenses for the year? If so, please have a look at who the owner….
Initiative’s Story
This month saw Initiative celebrate its 20th birthday. From its humble beginnings in Moffat Beach in 2003, Initiative has now been around for 20 years….
More change for SMSF
The introduction of a Transfer Balance Cap (TBC) from July 2017 put a limit on how much an individual could transfer from their superannuation….
Why Have A Trademark?
If you’re buying and selling online, a registered trade mark can be a critical asset for your business. Yet only 4% of small businesses in Australia….
Whats Happening With The ATO’S Newly Revised Working From Home Deductions?
Reflecting changing contemporary working habits, the ATO has revised its Working from Home (WFH) guidelines for claiming deductions.
Fringe Benefits Tax Time Is Coming
As we say goodbye to summer and welcome some cooler weather, tax time is heating up as we near the end of the Fringe Benefits Tax (FBT) year.
Section 100A – The English Version
For those of you who operate through a Trust structure, the ATO has just finalised legislation (Sec 100A) which outlines how they’re going to….
Tax Cuts Are Coming
The stage-3 tax cuts are the final phase of the Morrison government’s 2018 three-step plan to reform Australia’s tax system….
Go shopping now!
As you would know the instant asset write off threshold of $150,000 is coming to an end on 30 June 2023 returning to its original value of….