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 […]
News
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.
Thinking of Hiring Working Holiday Makers?
Before you employ working holiday makers, make sure you are aware of the specific requirements by the ATO when it comes to registering….
2024-25 Budget Easing the Cost of Living
As you may be aware the 2024/25 budget was published this month and one of the main focuses was easing the pressure of the cost of living.
Pre 30 June Trust Resolutions….in English
It’s coming to the pointy end of the financial year and if you have a discretionary (or family) trust, then you have more decisions….
ATO to be granted greater discretion over old tax debts
The government plans to make amendments to the tax law to provide the Commissioner of Taxation more discretion over the treatment….
Do you know what happens to your super when you’re no longer here?
Most of us prefer not to think about when we’re no longer here. However, like taxes, unfortunately death will happen to all of us eventually….
It can’t be that time again?
I’m sure as you age time passes more quickly. It certainly seems 30 June comes around quicker and quicker each year. As usual at this time of the year….