Tax Differences: Property vs Shares Recently, I stumbled across some figures on the historical returns from Australian shares and Australian residential property (Michael Yardley’s Guide to Investing Successfully, page 220). The numbers suggest that the returns on Australian residential property (7.4%) are better than those for Australian shares (5.5%) over…
If your activity statement is delayed it may have been to check that you haven’t claimed a personal expense as a business expense. When claiming GST credits remember: you can only claim a GST credit for goods or services used in your business if you have goods or services you…
Tax time is almost here and whether you plan to use an agent to complete your return or do it yourself, it’s vital that you claim deductions for everything that you’re entitled to. Here’s a hit list of five of the most commonly overlooked tax deductions. 1. Professional memberships and…
The wins & losses of the 2017 Federal Budget! See it here… http://www.news.com.au/finance/economy/federal-budget/budget-2017-what-it-means-for-you/news-story/23ef73b663adcfd96dd0976937bbd6c4
There’s two basic ways to make more money: sell more, or spend less. While you’re chasing opportunities to make more sales to more people, chances are you’re overlooking areas where you’re needlessly splashing your cash. Take a look through these seven methods of delivering tangible costs savings for your business…
With utility bills and other living expenses so high, making ends meet can be difficult for many people. Getting the taxman to contribute to your electricity bills might seem like a pipe dream but if the circumstances are right, that’s exactly what can happen. Not just your electricity bills either;…
Senior Tax Counsel’s Report – 31 March 2017 With a little over 5 weeks to go until the Budget it is worth considering what tax changes might be included. In doing so, I have assigned to each item of possible change a number from zero to ten with ten being very…
The Commonwealth Seniors Health Care Card (CSHC) is of great value to us self-funded retirees. read more … http://www.smh.com.au/money/ask-an-expert/will-we-lose-our-health-care-card-20170219-guge31.html acc
When I left school I worked as a Christmas casual at David Jones for several years running. Aside from a short stint in lingerie, I worked mostly in the cash desk counting up the money from the tills. Read more … http://www.smh.com.au/money/ask-an-expert/will-we-lose-our-health-care-card-20170219-guge31.html Article taken from: Money –…
Changes to car allowances mean if you are paying your employees a car allowance in excess of 66c per kilometre, you need to withhold tax on the amount you pay over 66c. If you haven’t been doing this since July 2015, you should begin to withhold tax on the amount…
