Top 10 tips – common mistakes rental property owners make: 1. Apportioning expenses and income for co-owned properties. If you own a rental property with someone else, you must declare rental income and claim expenses according to your legal ownership of the...
Asset Write-off rules Too good not to take advantage of Over the last 18 months the government has provided massive tax stimulus’s to small businesses. One of these is the Instant asset write off rules. Generally, in business you write off assets over their useful...
How Much Tax Should I Be Paying? Over the last year as a tax accountant in Brisbane, we have had many new clients join our practice. I am surprised by how many clients were paying more tax than they needed to. Simple things were being missed and in one case a client...
End of Financial Year Checklist Your essential EOFY checklist With less than 3 weeks to the end of 2018, it is worthwhile to go over a few tax tips that will reduce the 2018 tax payable. Business Expenses – If you need to incur repairs, purchase a new...
R&D Tax Incentives and Eligibility The R&D tax incentive is a tax offset benefit provided to companies who invest in eligible research and development activities. If you are an eligible company you can get a refundable tax offset equal to 43.5% of your first...
How To Minimise Tax Here is a brief list of things you can do before the end of June to reduce your tax bill this financial year. As a Business Maximise your superannuation tax deductions for both your staff and yourself: For the directors and owners pay up to the...
How We Saved Our Client $732000 In Tax The Client Many times clients need us to pull a rabbit out of the hat, to do the impossible. One such situation occurred with a client in the health care industry. After many years of research and difficulty they finally...
