Travelling to and from your investment property
From 1 July 2017, new rules came into effect that prevent taxpayers claiming a deduction for expenses they incur travelling to and from their residential investment property. The Government restricted [...]
Accelerated tax rate reduction for small business
Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million [...]
Confusion reigns over superannuation transfer balance cap
A recent speech by the ATO’s Assistant Commissioner for Superannuation demonstrates the very practical problems with the new superannuation rules. The $1.6 million transfer balance cap (TBC) that limits the [...]
What does the China/US trade war mean to Australia?
As the bilateral trade war between the US and China heats up, we look at what this might mean to Australia caught between its cultural and military ties to the [...]
Working from home: What deductions can you claim?
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit [...]
Got a HELP debt? The impending changes to speed up your repayments
The Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt. [...]
Travelling to and from your investment property
From 1 July 2017, new rules came into effect that prevent taxpayers claiming a deduction for expenses they incur travelling to and from their residential investment property. The Government restricted [...]
Accelerated tax rate reduction for small business
Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million [...]
Confusion reigns over superannuation transfer balance cap
A recent speech by the ATO’s Assistant Commissioner for Superannuation demonstrates the very practical problems with the new superannuation rules. The $1.6 million transfer balance cap (TBC) that limits the [...]
What does the China/US trade war mean to Australia?
As the bilateral trade war between the US and China heats up, we look at what this might mean to Australia caught between its cultural and military ties to the [...]
Working from home: What deductions can you claim?
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit [...]
Got a HELP debt? The impending changes to speed up your repayments
The Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt. [...]
