Residential Rental Property Investment Depreciation

Residential Rental Property Investment Depreciation

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...
Casual Rates to change…. AGAIN.

Casual Rates to change…. AGAIN.

If the constant new court decisions about casual employees aren’t confusing enough, a Fair Work Review will now see employers fork out higher penalty rates for casual retail workers. The change will take effect from 1 November 2018 – just in time for the Christmas...
Taxable Payments Annual Reports due 28 August

Taxable Payments Annual Reports due 28 August

Are you in the Building & Construction Industry??   If so, have you completed your Taxable Payments Annual Reports for your contractor payments due for lodgement by 28 August 2018. The Taxable Payments Annual Report is a report required by the ATO detailing...
Tax Time 2018: Overview of Key Changes

Tax Time 2018: Overview of Key Changes

The ATO has released key changes and new measures to be aware of for your 2018 Income Tax Return. As always, if you need any clarification or more information, contact your advisor at our office on (07) 3862 8777.   Corporate tax rate – base rate entities  ...