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Should you be paying land tax?
Property continues to be a popular asset class for Australian investors. Whilst it is important to consider all of the qualitative aspects of a property when performing due diligence including location, build quality and appearance, it is equally important to consider the quantitative considerations of the asset including rental return, holding costs, ownership costs and taxes imposed.
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Are you ATO SuperStream ready?
From 1 July 2016 all Australian businesses that pay Superannuation Guarantee on behalf of their employees must adhere to the new SuperStream rules.
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Newly Registered SMSFs lodgement due 28 February
A reminder that annual Income Tax Returns are due for new registrant (taxable and non-taxable) SMSFs by 28 February 2016. Considering that the funds Income Tax Return and Financial Statements need to be completed and independently audited members should ensure there records are provided to there accountant as soon as practicable.
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The Tax Implications of Uber
As Uber continues to grow in popularity more and more Australians are taking up driving for the San Francisco based company. As with all income producing activities in Australia, it is important to understand the tax implications involved in driving for Uber and participating in the ride sharing economy.
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ATO Targets Holiday Homes
The ATO has issued several statements confirming to both tax agents and the general public, that they intent to target holiday home rental properties this coming tax year.
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Novated Lease or Bank Loan for your new vehicle?
Are you looking to buy a car? We look at the advantages and disadvantages to two possible options you may consider or which may be ....
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What is Personal Service Income (PSI)?
A common issue that we are asked to advise on is Personal Service Income and that of its disadvantages.
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Bitcoin & The ATO
Due to the popularity of digital currency the ATO now recognises Bitcoin and the role it is playing in Australian Business Transactions.
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