Get up-to-speed on all the latest developments in the financial and accounting industry to help you get ahead.
Our news section is full of useful tips and advice to help you make informed decisions about your financial future.
Self managed super funds
There are 2 major changes on the horizon for SMSF’s should Labor win the next election, which are outlined below. These proposed policy changes will affect those clients in pension mode and those seeking to purchase property within super.
Taxing of Discretionary Trusts
For those clients who currently operate their business through a trust and distribute to family members, these changes will affect you. Under the current legislation (assuming Personal Services Income rules don’t apply)…..
Capital Gains Tax
The Labor parties proposed negative gearing changes are also designed to interact with their proposed changes to capital gains tax. Building on the belief the current tax concessions for property investors…..
Negative Gearing
The Labor parties proposed negative gearing changes are part of their overall strategy to make housing more affordable for working and middle-class families. Labor contends their proposed change to negative gearing is…..
New years resolutions
For those clients who own an investment property, you may be aware there have been a few changes in legislation during the year. This may limit the amount of tax deductions and therefore how negatively geared…..
QBBC reporting….the landscape has changed….again!
For those clients who own an investment property, you may be aware there have been a few changes in legislation during the year. This may limit the amount of tax deductions and therefore how negatively geared…..
Luxury Car Tax (LCT)
For those clients who own an investment property, you may be aware there have been a few changes in legislation during the year. This may limit the amount of tax deductions and therefore how negatively geared…..
Changes to Investment Property Deductions
For those clients who own an investment property, you may be aware there have been a few changes in legislation during the year. This may limit the amount of tax deductions and therefore how negatively geared…..
Debt Recycling
As you may know, the interest costs on your home loan are non-deductible expenses. Debt recycling is a way to recycle the non-deductible debt from your home loan into tax-deductible debt. The earnings for this debt recycling strategy can even allow you to pay off……
ATO controversy?
A new report released earlier this month has found ‘unusual’ tax practices being adopted by various multinationals who are currently providing outsourcing services to the Australian Taxation Office (ATO).
