June 2023 Tax & Superannuation Update

Temporary full expensing changing to $20,000 small business instant asset write-off from 1 July 2023, Confirmation of Notice of Intent for Super Deduction Required, Year-End Tax Tips, SMSF Transfer Balance Account Reporting to be Quarterly.

March 2023 Superannuation Update

Future earnings for super balances above $3m taxed at 30% from 2025-26, 1 July 2023 Super Balance Increase but no Change for Contributions, Superannuation Contributions Downsizer contributions extended to 60 plus, Work Test Abolishment.

March 2023 Tax Update

What’s the Deal with Working from Home?, The new ‘fixed rate’ method, The ‘actual’ method, I run a business from home, what can I claim?

Year-end Tax Planning 2016

A taxpayer might consider:

  • Deferring income into a latre tax year;
  • Whether a lump-sum receipt is really income for services to be provided in a following year;
  • Bringing forward deductible expenses or losses;

June 2015 Tax Planner

Principles of Tax Planning

Tax planning may involve using an efficient trading/investing structure, deferral of income, bringing forward deductions, maximising deductions and using all available tax offsets (rebates).

December 2012

Landlords, the ATO and rental deductions

One in seven taxpayers in Australia is a property investor. Each year residential landlords claim a total of around $5 billion in rental losses. Accordingly one can understand the Australian Tax Office’s (ATO) close scrutiny of the deductions claimed by landlords. But a recent case before the Administrative Appeals Tribunal (AAT) demonstrates how far the ATO will go to test the boundaries of what is, and isn’t, tax deductible.