Taxes for Rental Properties

Taxes for Rental Properties

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...
Instant Asset Write Off

Instant Asset Write Off

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...
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...