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What tax receipts do I need to keep?
What tax receipts do I need to keep? Only the ones you want to claim as a tax deduction, might be a common response. (What tax receipts do I need to...
Super payment on parental leave starting July 2025
Starting 1 July 2025, new parents will receive superannuation payments on top of their paid parental leave (PPL). (Super payment on parental leave)...
CGT on Mixed-Use Property (Rental and Residential Use)
Introduction Selling a property used for both rental and residential purposes brings several Capital Gain Tax (CGT) issues. You need to decide...
Right Business Structure: Choosing the Best Option
Introduction When you run a business, choosing the right business structure is crucial. This decision isn't just for when you start but can arise...
CGT Roll-Over Provisions for Relationship Breakdown
Introduction With one in three marriages ending in divorce and many de facto relationships breaking down, the capital gains tax (CGT) roll-over...
Who is a spouse under the tax laws, and why does it matter?
Introduction While Australia doesn’t have a joint filing option for married couples, there are some aspects of your individual tax assessment that...
Get ready for end of 2024 Financial Year
Get ready for end of 2024 Financial Year We are almost approaching the end of the 2024 Financial Year. This post provides essential information and...
Personal services income explained
Personal services income explained Introduction The personal services income (PSI) rules apply to income that is earned mainly from the personal...
On-boarding new employees
On-boarding new employees: When hiring new staff, there are certain steps you should follow to cover off on your tax, workplace, and superannuation...
Six super strategies to consider before 30 June
With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six...
Mortgage vs super – where should I put my extra cash?
Many of us wonder about the best vehicle to use for our extra savings. Is it better to direct extra savings to your mortgage or superannuation? As...
Damage or destruction of a rental property
What happens if your property is damaged from the results of a natural disaster, or by tenants? Such a situation can affect the types of expenses...
Taken goods for private use? Here’s the latest values
Taken goods for private use? Here’s the latest values Introduction The ATO knows that many business owners naturally help themselves to their...
Tax issues when dealing with volunteers
Tax issues when dealing with volunteers Introduction Tax issues when dealing with volunteers - From bushfire relief groups, sporting clubs,...
Give yourself a super gift this Christmas
Give yourself the ultimate gift this Christmas that doesn’t cost a thing – a super to-do list which is a gift that will benefit you now and in the...
Is that ute really exempt from FBT?
Is that ute really exempt from FBT? Introduction Recent media reports suggest the ATO may have concerns that some tradies could be taking...
Getting the most benefit from fringe benefits
Getting the most benefit from fringe benefits. Introduction The most cost-efficient benefit an employer can give an employee is one that is...
How to reduce your income tax bill using superannuation.
How to reduce your income tax bill using superannuation Introduction Did you know you can reduce your income tax by making a large personal...
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