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Investment loan interest
While it is generally understood that interest paid on loans for investments such as shares and rental properties is deductible, there are many other common scenarios where the ability to claim deductions for interest are not so clear-cut.
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Arms Length Rules - SMSF
A key concept that all Superannuation Fund Trustees should be aware of is the Arms Length Rules.
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Work related car expenses
Clients often ask our experts a range of tax and accounting questions. One popular question this tax season has been from individuals seeking advice in relation to when and how they can claim work related motor vehicle deductions in their personal income tax returns.
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Work related travel
If you incur any travel related expense that directly relates to your specific job function, you may be eligible to claim a tax deduction. Depending on your circumstances and provided you have the necessary documentation, you may be eligible to claim the cost of transport and incidentals.
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Claiming Work Related Deductions
It is that time of the year again, tax time! One of the key questions we get at this time of year is clients asking what they are entitled to claim against their taxable income.
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SMSF annual obligations
As the end of the financial year is fast-approaching, it is important that trustees of SMSFs understand their obligation to ensure compliance with current legislation.
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The Budget Repair Levy
Today Treasurer Mr Hockey handed down the 2014-15 Federal Budget. Anticipation was high with media speculation rampant that significant changes would be announced following the recent release of the National Commission of Audit report. It is also Mr Hockey's first budget.
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Small Business Tax Concessions
It is no secret that in Australia small businesses receive favourable tax treatment. With a range of concessions on offer it is important for small businesses to know if they are eligible and exactly what they are eligible for.
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