Tax when you’re headed overseas
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Tax when you’re headed overseas Most people’s “to-do” list when they are planning a trip overseas will likely include items such as travel insurance, phone chargers or taking photos of their passport — but probably the last thing on anyone’s minds will be their likely tax situation before, during or after that trip-of-a-lifetime. […]
Temporary visa holders: Changed conditions for COVID-19
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Temporary visa holders: Changed conditions for COVID-19 The government has made a number of changes to temporary visa holder arrangements during the COVID-19 crisis. The Department of Home Affairs says these measures have been made to protect the health and livelihoods of Australians, to support critical industries, and to boost recovery afterwards. Home […]
Top 7 Tax Tips for Investors
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Top 7 Tax Tips for Investors The end of the financial year is not all that far away. To help you to prepare for tax time, we provide our top 7 tips for your 2019-20 tax return. This list is not exhaustive, and we will need to review the items in light of […]
Effective Tax Planning Strategies
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Effective Tax Planning Strategies With the end of the financial year fast approaching there are several approaches that businesses may effectively utilise to reduce their taxes. Pre-pay expenses Expenses such as insurance, rent and subscriptions to professional associations for the coming year can be paid up to 12 months in advance. These pre-paid […]
Land Tax Relief for Property Owners and Businesses
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Land Tax Relief Most States/territories have announced land tax relief measures to support landowners and tenants through the COVID-19 pandemic. The relief package offers a waiver or reduction of land tax liability for eligible property owners and tenants who have experienced financial hardship due to COVID-19. Victoria you may be eligible to defer […]
Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility When assessing eligibility for JobKeeper assistance, the first question that must be answered is whether the entity was carrying on a business as at 1 March 2020. This question is of particular relevance to entities that have solely or predominantly rental income (other […]
Planning tool to help businesses reopen
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] PLANNING TOOL TO HELP BUSINESSES REOPEN The government’s National COVID-19 Coordination Commission (NCCC) has released an online planning tool to help businesses develop a plan to keep their workers, customers and the community safe as they reopen or increase their activities in the weeks and months ahead. The NCCC tool, in the form […]
Security online more important than ever
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Security online more important than ever Communication over an online channel has certainly become the default these days, and dealing with the ATO is no exception. In fact the transition to online has plainly been developing over some years. More and more transactions and interactions are taking place, for example, over the government’s […]
Here’s what attracts the ATO’s attention about luxury car tax
[siteorigin_widget class=”SiteOrigin_Widget_Hero_Widget”][/siteorigin_widget] Here’s what attracts the ATO’s attention about luxury car tax The ATO has announced that it has identified some common errors regarding luxury car tax (LCT) claims, but also says there are issues it has identified with LCT that are more associated with actively trying to pay less tax than required. Common errors […]