by Peter S | Aug 20, 2019 | Industry News
From 1 July 2017, the Tax Office introduced new laws limiting investors ability to claim depreciation on investment properties. The laws target ‘previously owned’ equipment (dryers, microwaves etc.), fixtures and fittings (curtains, carpets etc.). Under the new regime...
by Peter S | Jul 1, 2019 | NBC News
Directors’ Fees, Wages, Drawings and Superannuation Guarantee From 1 July 2019, changes to the law for the tax deductibility of payments of Directors’ fees will take effect. Failure to comply with these changes will prevent the payments from being a tax-deductible...
by Peter S | Jun 11, 2019 | NBC News
Car logbook To claim a deduction for motor vehicle expenses the tax office requires substantiation of the business use of the vehicle. This can be documented through a logbook. The percentage of business use determines the tax deductibility of the vehicle expenses....
by Peter S | May 30, 2019 | tax
Taxes for Rental PropertiesIt is a very popular scenario that home owners (called a Principal Place of Residence or PPR for tax) sometimes convert their residence to a rental property and/or use some of the property for income earning activities or that they sometimes...
by Peter S | May 14, 2019 | NBC News
Instant Asset Write Off Assets used in business are usually subject to a tax-deductible depreciation write off over their useful life or at rates set-out by the Australian Tax Office. Assets (including cars) that are available for use and used in businesses with an...
