Tax Tips for Small Business
PRE-1 JULY 2019 TO-DO LIST
Make trust resolutions
Document the streaming of trust capital gains and franked dividends
Review private company loans
Consider deferring certain income, and bringing forward certain deductible expenses
…
TAX TIPS FOR INVESTORS
RENTAL PROPERTIES
The ATO has received a large boost in funding to close the $8.7 billion individuals tax gap. Part of its focus is to ensure taxpayers are returning all rental income as well as claiming only the rental property expenses to…
Tax Tips For Employees
CLAIM WORK-RELATED DEDUCTIONS
Claiming all work-related deduction entitlements may save considerable income tax. Typical work-related expenses include employment-related mobile phone, internet usage, computer repairs, union fees and professional…
Client Alert (November 2015)
Unbundling phone and internet expense claims for work purposes
Individuals can claim deductions for mobile, home phone and internet expenses that have been incurred for work purposes. However, correct apportionment for work use is a key issue.…
Client Alert Explanatory Memorandum (October 2015)
This issue of Client Alert takes into account all developments up to and including 17 September 2015.
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particularly,…
Client Alert (October 2015)
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particular, whether they are correctly claiming deductible expenses. A key concern is when people make claims for…
TaxWise Budget 2015-16
TaxWise® 2015-16 FEDERAL BUDGET EDITION
The 2015-16 Federal Budget was handed down on 12 May 2015.
The intention of this Budget is to support small businesses and grow jobs, support families and ensure fairness of tax and benefits. At…
Client Alert – Federal Budget Edition (May 2015)
PERSONAL TAXATION
Personal tax rates: budget deficit levy not to be extended
The 2015–2016 Budget did not make any changes to the current personal tax rates, although in the lead-up to the Budget, the Treasurer indicated that the 2% budget…
Tax Wise Individual News (April 2015)
IN THIS ISSUE
Medicare Levy Surcharge and Private Health Insurance Rebate
Superannuation guarantee rateSuper contributions caps
Changes to superannuation excess concessional contribution cap
Are you paying super fund fees…
Client Alert - FBT Return Checklist (March 2015)
Rate of tax
Yes
No
Are you aware the FBT rate for the FBT year ending 31 March 2015 has increased to 47%?Note the FBT rate will rise to 49% for the FBT years ending 31 March 2016 and 31 March 2017. The rate was 46.5% for…