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November – 2016 Practice Update covers following points Survey for SMSFs using LRBAs ATO warning for the building and construction industry Renting out a room is rental income Living overseas but still taxable here Crucial issue to consider when buying a company Click here for – November – 2016 Practice Update

A look at the rapidly booming home entrepreneur scenario Technology is giving us a lot more than knowledge about distant occurrences and innovations. It is providing us with opportunities that never really existed before. Bloggers are getting paid to review food items and wear the latest trends while freelance software developers are sparking technological revolutions…

October – 2016 Practice Update covers following points Government ‘backflip’ on superannuation changes Fallout from ‘Panama Papers’ spreads GST on low-value imports Record keeping is always key to taking on the ATO DHS – Data matching project 16 forced sales of properties illegally held by foreigners Singapore and ATO to share data to reduce tax…

Christmas is undoubtedly a holiday to cherish with your family and friends. A little celebration goes a long way for starting the New Year with a renewed energy. Christmas is also a time to shop till you drop. Quite literally, retails stores, traditional brick and mortar stores and e-commerce stores claim that they make approximately…

September – 2016 Practice Update covers following points Pre-retirees: Avoid ‘too good to be true’ tax schemes ATO assistance with the pending $500,000 lifetime super cap Deductibility of gifts provided to clients Deductibility of airport lounge memberships Phoenix Taskforce swoops on dodgy businesses ATO exposes dodgy deductions Click here for – September – 2016 Practice Update

Hiring a bookkeeper is one of those things that every good businessman does. This is not because he has a lot of income at his disposal, but because he knows to play his steps right. And the most important truth is, you can hire a professional and spend money behind them, or you can choose…

Melbourne and the other cities of Australia are not short on options when it comes to accountants, you could find one that is at a walkable distance from home, or you could find one that charges you peanuts. However, decisions based on such mundane conveniences do not even begin to offer the benefits a qualified,…

2015/16 Individual Tax Return Checklist Common work-related claims made by individuals Depreciable plant, etc, costing $300 or less Clothing expenses Self education expenses Other work-related expenses 2015/16 Year-end Checklist for Business Maximising deductions for non-SBE taxpayers Prepayment strategies – non-SBE Accelerating expenditure – non-SBE Accrued expenditure – non-SBE Maximising deductions for SBE taxpayers Accelerating expenditure – SBE…