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Residential rental property travel tax Laws

Posted on 29 January, 2018 at 1:25

Travel expenses relating to your residential investment property are no longer deductible. Excluded entities and entities carrying on a rental property business can continue to claim a deduction for the cost of travel incurred for inspecting or maintaining rental properties.

https://www.ato.gov.au/general/property/in-detail/rental-properties/rental-properties---claiming-travel-expenses-deductions/

SMSF breeches

Posted on 1 February, 2016 at 4:15

Separating assests within a self managed superannuation fund.

Watch this video to learn how tax applies when you pay benefits from your SMSF.

https://youtu.be/6nPMM5q-7AM

Goods and Services Tax

Posted on 1 February, 2016 at 4:10

GST can sometimes be a little confusing.

Are you registered for GST?

If you aren't but think that your business is going to be over the GST threshold, then you may need to register for GST.

Speak to your accountant to see whether you are required to.



https://youtu.be/I0pk24tSdXw

Starting your own Business

Posted on 1 February, 2016 at 4:05

 

If you are starting a new business, or already running one, I found these short videos via the ATO that may help you with your tax and superannuation obligations.

 

The series follows a landscaper operating as a sole trader (Jason); two web designers in a partnership (Fiona and Greg); and a café owner running her business through a company (Mary) as they take you through some of the tax issues they came across when they started their business.

These vi...

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Work balance

Posted on 1 February, 2016 at 4:05

We all want it, but what is it?

 

Career advice 28 January 2016

 

Career advice , Career progression , Work life balance , SEEK

 

The days of working nine-to-five are all but over, with many Aussie professionals embracing flexible working arrangements and hours as a means of achieving greater balance between work and home, and being happier and more productive in their careers.

 

Experts talk a great deal about work-life bal...

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Warning ATO Scam

Posted on 11 October, 2015 at 1:35

A Perth businessman felt his "heart race" and then his "stomach churn" after he received a message on his answering machine from the Australian Taxation Office telling him his arrest was "imminent".

 

But the savvy financial consultant soon clued on to the fact he had been targeted by a conman pretending to be Jason O'Connor from the ATO.

 

"I knew they wouldn't string someone up like that," the businessman said.

 

"They would write a lette...

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8 tips when selling shares says Bina Brown

Posted on 11 October, 2015 at 1:30

 

1. Reduce the size of individual stocks if they become more than 5 per cent of your portfolio.

2. Sell any stock if its market price is 25 per cent more than its intrinsic value.

3. If you can wait 12 months from date of purchase to take advantage of capital gains tax discounts, do so.

4. If you can sell in a tax free environment (pension phase in your SMSF), that's great.

5. If you have bought a stock expecting price increase...

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8 tips when selling shares sayas

Posted on 11 October, 2015 at 1:30

 

1. Reduce the size of individual stocks if they become more than 5 per cent of your portfolio.

2. Sell any stock if its market price is 25 per cent more than its intrinsic value.

3. If you can wait 12 months from date of purchase to take advantage of capital gains tax discounts, do so.

4. If you can sell in a tax free environment (pension phase in your SMSF), that's great.

5. If you have bought a stock expecting price increase...

Read Full Post »

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