Jun 21

Final chance to claim travel expenses!

The Government is removing your ability to claim travel expenses related to your rental property, from 1 July 2017.  So, until 30 June 2017 you have a final chance to claim these type of travel expenses. If you have plans to travel to your rental property in the next 12... read more →
May 10

2017 Federal Budget and What It Means For You

There are a few changes that haven’t had much media attention, but will increase the tax you pay. Please read on. PROPERTY INVESTORS No longer able to claim deductions for depreciation of items that you don’t actually pay for. Previously you could claim depreciation for the value of items included... read more →
Nov 18
Aug 15

Share Trader or Investor?

The distinction between being a Share Trader and Share Investor for tax purposes can have significant tax implications and has always been a grey area.  A recent case before the Administrative Appeals Tribunal (Devi AATA 67) demonstrates that it is the overall weighting of evidence that will ultimately determine your status... read more →
May 30
May 16

Family Assistance payments and your 2015 Tax Return

Centrelink reminds us that you must lodge your 2015 income tax return by 30 June 2016 to retain eligibility to your Family Assistance for the 2015 Financial Year. Family Assistance includes Family Tax Benefit Part A and B, Family Tax Benefit Supplement, Child Care Benefit and Single Income Family Supplement and... read more →
May 05

2016 Federal Budget summary

We'll see what eventually passes into law, but in the meantime this is what Malcolm and Scott are proposing; Effective Budget Night – 7.30pm (AEST) 3 May 2016 A lifetime cap of $500,000 for un-deducted (non-concessional) contributions into your super fund.  This includes all non-concessional contributions made since 1 July... read more →
Mar 04

The best tax effective savings for your child

I often have clients ask about how they should best save for their child's future, whether that be for higher education, a car, house, or investment.  The tax laws severely punish passive income for under 18's by taxing the income at between 47% to 68% for any income above $416 per... read more →
Oct 22

55-60 and still working? Take a pension

There is a smart strategy available to both reduce your tax and boost your Superannuation if you are between 55 and 60 and still working. By taking a ‘Transition to Retirement Pension (TRP)’ you will be drawing down an amount of superannuation which is taxable, but by salary sacrificing or... read more →
Oct 22

Do you know the “Lifetime Value” of your customer?

Knowing this key metric will be very helpful in creating a marketing budget. The LTV is a figure you’ll want to know in order to calculate how much you should spend to acquire a new customer. The formula for figuring the Lifetime Value (LTV) of a customer is: (Frequency of... read more →