Investment Property Tax

Investment Property Tax

Investment properties are treated differently whether you’re an Australian Tax Resident, or not. Being an Australian Tax Resident doesn’t mean you have to be a Citizen of Australia, it just means your normal place of abode or living arrangements are here. In this...
Claiming Car Expenses

Claiming Car Expenses

CLAIMING CAR EXPENSES FOR BUSINESSES AND INDIVIDUALS Certain tax advantages can come with cars if they are used for work or employment purposes. For income tax and fringe benefits tax purposes: a “car” is any vehicle principally designed to carry less than 9...
Financial Reporting Requirements QBCC Licence

Financial Reporting Requirements QBCC Licence

FINANCIAL REPORTING REQUIREMENTS QBCC LICENCE From 1 January 2019, the documents required to fulfil the QBCC licence financial reporting requirements changed. Are you ready? The main QBCC minimum financial reporting requirements changes 2019 are: Businesses with sales...
Tax Deductions for Doctors

Tax Deductions for Doctors

Tax Deductions For Medical Professionals The tax environment for all professional practices including medical practices can be complicated. Tax deductions generally are expenses directly incurred to earn income or run a business. They can’t be Capital, Private or...
Business Structures

Business Structures

Business Structures When considering going into a new business, buying an existing business or buying into an existing business, the business structure and the business investment structure is critical. This will determine asset protection and tax liabilities. Types...