TAX TIPS JUNE 2016

Employers Must Become Super Stram Compliant   Are you super stream ready? With the SuperStream deadline of 30 June rapidly approaching, ATO Deputy Commissioner James O’Halloran says now is the time for employers who are not yet using…

Global Perspectives Multi Asset | March 31, 2016

Overview Equities: Global equities posted their first positive month in 2016, continuing their upward trend since mid-February. With continued support from low oil prices and accommodative monetary policy, all major indices recorded gains…
tax time

Taxation Tips

GOVERNMENT TO RETHINK BACKPACKER TAX This tax mooted by the government if introduced would see backpackers working in the agricultural industry being taxed at 32.5% from dollar one. It seems for once that the Accounting professions plea…

Tax Tips - Don’t get into hot water with claims

Property investors often worry about ongoing repairs and maintenance costs however these concerns can often be reduced by claiming back these costs when completing a tax return. Before claiming deductions, it is necessary for investors to understand…

2016 Market Outlook & Stock Tips

Both US & Local share markets have had a very strong start to the year.  This is mainly due to strengthening commodity prices and solid news out of the US such as falling unemployment and strong retail figures. We all know that China…

Depreciation Tips - Investment Property

With the Possible Changes to Negative Gearing we have had many queries about depreciation deductions. Please find attached some information top assist you when buying a new investment property.  What is Tax Depreciation? Tax depreciation…

NEW YEARS TAX TIPS

Reminder of small business tax cuts The ATO has reminded taxpayers that from 1 July 2015, a new two tier company tax system took effect and applies to all companies This sees the whole of a company’s taxable income subject to the following…

FINANCIAL PLANNING TIPS

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ECONOMIC SUMMARY After a predictably sound finish to 2015 when the annual retail frenzy aided local and domestic markets, the bears came out at the start of the new year. A plunge in oil prices forced a sell off. While this should help you…

Cancellation Of ABN’s

Many clients who have an ABN which has been inactive will have or may receive correspondence from the ATO or ASIC wanting to cancel your ABN. If this happens the responsibility will be on you to prove that you are still in business. Reasons…

Four Reasons Investors Should Claim Depreciation In 2016

As we start the New Year, many investors might be formulating their annual New Years resolutions. Investors often think about the ways they can reduce the costs of owning an investment property and wonder how they could boost the cash flow…