When is a Donation Deductible?
To claim a deduction for a donation, you must be the person that gives the donation and it must meet the following 4 conditions: It must be made […]
News
What does the ATO know about you?
We’re all aware of the information provided to the ATO from various institutions eg Health Insurance, banks, dividends etc. However, their powers are now being extended to rental […]
Is Your Cyber Security Current?
There is no denying it, we live in a digital world. It is good practice, whether as an individual or a business, to regularly look at how you […]
Do I need to be registered for GST?
When you decide to start a new business you firstly need to register for an Australian Business Number (ABN) then you need to work out if you need […]
Business Structures: Why Choosing The Right Type Matters
Often we see business owners who are directing focus to business operations and they haven’t stopped to reflect if their existing business and personal structure still best suit […]
Employing casual employees?
If you employ casual employees, then these changes affect you and they start on 24 August 2024. The changes include how casual work is defined, the pathway to […]
Claiming a tax deduction for motor vehicle expenses
Did you know you can claim a tax deduction on a secondhand car … even if it’s financed? A financed second hand car is treated exactly the same […]
Do I get taxed more on my second job?
The simple answer is No. When completing you tax return you will get taxed on all income you have earned during the year. This can include interest received […]
Do you own a rental property in your SMSF?
To ensure you limit your exposure for closer scrutiny by the ATO, its important to follow the fundamentals in your property asset valuations. Each year….
Importance of myGovID
myGovID is the Australian Government’s Digital Identity app which allows you to prove who you are when accessing government online services.