by admin | Nov 15, 2023 | Did You Know, News
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest on their investment property loans. We’ve seen an uptick...
by admin | Nov 14, 2023 | Did You Know, News
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. Superficially, the statistics on employer superannuation...
by admin | Oct 30, 2023 | Did You Know, News
Are you looking for a small business accountant in Brisbane? Small business owners face unique challenges. Owners often have to multi-task on financial, managerial, marketing and human resources roles without being able to delegate to in-house specialists in each...
by admin | Oct 16, 2023 | Did You Know, News
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax,...
by admin | Oct 16, 2023 | Did You Know, News
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. If you undertake study that is connected to your work you can normally claim your...
by admin | Oct 16, 2023 | Did You Know, News
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step...
