Entries by Rajesh Singh

Raj’s Tax Tips & Federal budget 2017- Updates

What attracts the ATO’s attention?   Tax or business performance which is not similar to businesses in your industry Low transparency in tax affairs Large one off transactions or wealth shifting A history of aggressive tax planning Income declared which is not consistent with lifestyle expenses Treating private assets as business assets Poor governance management […]

How to add value and increase deductions when renovating

Don’t be strapped for cash, scrap for cash Add value and increase deductions when renovating Australians have always had a passion for renovating property and recent predictions on renovation spending for 2016 suggest this trend will continue. Data from the Commonwealth Bank Future Home Insights Series forecasts that renovation spending will top $32 billion in […]

Depreciation Benefits available for New Houses

Building more value, depreciation and new houses Choosing to build a brand new home rather than buy an existing property provides a number of benefits for potential investors. Generally these types of properties will be built in a developing suburb close in proximity to schools, transport and local services. Surrounded by other new homes, a […]

Super reforms seminar hosted by NAB

“Super changes coming into effect from 01 July, We like to invite our Clients to a Super reforms seminar hosted by NAB.” The Seminar will address ​what the super changes could mean for you and the exciting opportunities that we can assist you to take advantage of before financial Year end. There will be also […]

Rajeshs Tax Tips

1.Know what you are entitled to if you work from home.   If you work from home then some portion of the running expenses can be claimed as a tax deduction. You can claim the work related portion of : -heating .cooling and lighting of the office room -decline in value of home office furniture […]

Top 10 tax tips for the sharing economy

The ATO has signalled a compliance focus on tax affairs of those who work in the sharing economy. With thousands of Australians now working through UBER AirBnb and others it is important to understand the tax laws and how they apply to the sharing economy. 1.Income must be declared on your tax return. 2.Claim deductions […]