Tax Planning
What is the Rental Relief Code of Conduct?
Lan Nguyen together with Matthew Kenny and Maurice Wolman of All Commercial discusses the new code of conduct for Rent Relief during the coronavirus pandemic.
Save Tax – “Cap” tax using a “bucket company”
In the lead up to 30 June 2020, we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed.PROFITS FROM A TRUST?Do you have a Trust that generates profits? If yes, then read on! A “bucket company” allows you to “cap” the tax on profits […]
Save Tax – Opportunities with Superannuation for 2020
When you retire, your superannuation is likely to become an important source of your income. That’s why it’s a good idea to top it up while you are working. But did you know, there are also some excellent tax benefits you can take advantage of right now – just by making your own voluntary superannuation contributions? Generally, […]
Reduce your 2020 tax
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2020 to reduce your tax and grow your wealth. For 2020, key priorities are likely to include: •Maximising superannuation contributions without exceeding the relevant caps • Bringing forward deductible expenses • Deferring taxable income • […]
Gain an additional $4000 return in TAX or receive a FREE IPAD
With EOF Year upon us, what sort of emotion does this spark in you?Feeling that slight jitter in the stomach. Touch of anxiety. Restlessness.Do you put it off to the last minute, then spend a few days cramming to get it done?No one likes Tax. We then head in, speak to an Accountant , push out […]
5 Warning Signs That You Have Slipped From The Path To Wealth
Let me share a story with you… It was a little over 12 years ago when my whole life flashed right in front of me. My family was in a state of collapse. I was working over 12 hours a day and was completely run-down. My back was against the wall and I was completely […]
Secrets To Why The Rich Get Richer
95% of Australia’s population at age 65 is either dead, dead broke or on the pension. This is not discriminatory. This includes Tradies, Engineers, IT Consultants, Doctors, Lawyers, School teachers, Secretaries, Accountants and so on. How can this be possible? The Australian Government pumps Billions of dollars in education from school days to retirement and […]
The 80/20 rule, the ATO and you
ATO 80/20 rule The 80/20 rule relates to personal services income (PSI). Depending on where the individual sits within the 80/20 rule can affect they report their income on their own tax return and what deductions they can claim. Contrary to popular belief the 80/20 rule is not about whether one can be considered a “contractor” due […]
What can I claim against my tax?
It’s tax time again. What can you claim to reduce your tax? Please take just 2 minutes to read this blog article. We’ll explain: Deductions you can claim The importance of a fantastic tax accountant The “tax trap” you need to avoid Links to more information about specific deductions Deductions you can claim According to […]
Some good news for Depreciation changes for Property Investors!
Some good news for Depreciation changes for Property Investors! Most investors know that there were changes to depreciation announced in the May 9 Federal Budget. The draft legislation was released recently and cleared up some confusion, but also contained some good news. First up, the clarifications: The changes do NOT affect commercial property. The changes do NOT […]