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…

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…

Predictions for 2017

The Aussie Dollar to fall further Interest rates to stay on hold initially then perhaps increase later in the year. Australian economy to grow by 3 % China to grow by 6.5% Europe to grow by 2% The US to grow by 2% An…

Six capital gains and depreciation facts for property investors

Six capital gains and depreciation facts for property investors One question investors often ask about claiming depreciation on a rental property is ‘how will these claims affect Capital Gains Tax (CGT) when the property is sold?’ CGT…

Tax deductions available to property investors

What tax deductions are available to property investors? When looking to purchase an investment property, it is worthwhile to ask a number of questions. While many investors consider location, purchase price and tenanting ability when contemplating…

BEWARE OF FRAUD AND TAX SCAMS

BEWARE OF FRAUD AND TAX SCAMS Scam emails, faxes, SMS and phone calls can look or sound very convincing. You can generally tell they're not genuine because they offer you an unexpected refund or grant and ask you to provide personal information,…

The Top 5 Forgotten Tax Deductions

The Top 5 Forgotten Tax Deductions We surveyed our senior accountants and asked them “what are the top 5 forgotten deductions on individual tax returns?” – that is, deductions people can claim, but often forget or don’t know about We’ve…

THE RISE AND RISE OF THE AUSSIE DOLLAR

    THE RISE AND RISE OF THE AUSSIE DOLLAR The Reserve Bank has made it clear that the $A is much too high for their liking and I agree with them. A price of around 70 US cents would make our exports much more competitive as…

SUMMARY OF HOW THE BUDGET WILL AFFECT INVESTORS

In my opinion, the changes to superannuation are a backward step that will reduce the ability of the population to save for retirement. Following are the changes the government decided upon: A reduction in the concessional superannuation…

Property Tax Tips

Don’t postpone getting a depreciation schedule Partial year deductions still benefit investors Often when an investment property is purchased towards the end of financial year the new owner will postpone getting depreciation schedule prepared…