There are 2 different types of Luxury Car Tax.
There is LCT that is paid by businesses that sell or import luxury cars (dealers), and also by individuals who buy luxury cars.
There is also LCT for depreciation.
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).
Super…it’s your money (just not yet)
If you’re under 65 and still working you’ve hopefully realised how important it is for you to put away a nest egg for your retirement. With the current population expected to live longer than the previous generation….
Tax scams and how to avoid them
At this time of year, we’ve heard many stories about various ways unscrupulous scammers are trying to steal tax refunds. The scams take many forms and new ones are constantly emerging.
SMSF’s and Crypto Currencies….how difficult can it be?
If you’ve been contemplating investing in a form of crypto currency within your self managed superfund, then we’d suggest you keep reading.
We’ve had a lot of enquiry over the last 6 months about investing in crypto……
ATO (Transfer Balance Account Report) TBAR Reporting Requirements
Do you have over 1.6 million per member in your superfund and are over 65? If so then there are new reporting requirements to the ATO for certain events that happen during the year.
Builders, GST and Sales Contracts
From 1 July 2018 there’s been major changes to the way the ATO collect GST from the sale of new homes. If you’re a home builder who constructs and sells new homes, then these changes will have an impact….
What’s in a name?
Do you operate a business that trades under a business name? If you do and you haven’t registered that name, then the new legislation affects you.
Anyone who operates a business knows how valuable a business name can be. Therefore, it makes sense……
