Note: This is a checklist, not advice. Expense claims are subject to limitations based on their character, timing, extent of attribution to rental activities and sufficient substantiation. *Some...
Last minute moves to minimize your tax and boost your super
Concessional Contributions – the following concessional contribution caps apply in relation to the year ended 30 June 2014:
$35,000 for those who were aged 59 years or over on 30 June...
Are you MAXIMISING your Motor Vehicle claims?
The majority of taxpayers use their personal vehicles for work purposes but are you getting the most from a tax perspective when claiming deductions? Outlined below are two points to help maximize...
JUNE – 2014 PRACTICE UPDATE
June – 2014 Practice Update covers following points -
- ATO's Tax Amnesty – They offer an "Invitation to come in from the cold"
- Family Court documents opened up to Tax Office
- ATO...
2013/14 Individual Tax Return and Year-End for Business Checklists
2013/14 Individual Tax Return Checklist - Common work-related claims made by individuals
- Depreciable plant, etc, costing $300 or less
- Clothing expenses
- Self education expenses
-...
Foreign Investors buying Australian Residential property
Australian residential property has always been popular for overseas investors looking for return and stability. To arrange the purchase of Australian residential property is not difficult, as long...
May – 2014 Practice Update
May - 2014 Practice Update covers following points -
- Tax amnesty for overseas tax dodgers – Project 'DO IT'
- ATO takes over Super Clearing House
- ATO data matching projects
- Tax...
Business Due Diligence: The Know-how of it!
Buying a business requires a lot of probing and you have to ensure that the company's affairs are in perfect order before the purchase is finalised. For this purpose, a business due diligence is...
April – 2014 Practice Update
April - 2014 Practice Update covers following points -
- Change in the FBT rate – 2014/15
- Small business panel to boost ATO’s expertise
- GIC and SIC rates for June 2014...
FBT checklist
The Financial year end is still a few months away, however the Fringe Benefits tax year is upon us once again!
We would like to use this opportunity to evaluate your options and plan to maximise...