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News and information

2017 Federal Budget update

2017 Federal Budget update

Added on 10 May 2017

  Treasurer Scott Morrison handed down the 2017-18 Budget in Canberra last night, and it contains a series of targeted measures to help small business grow and employ. This is ultimately an education and infrastructure budget, but small business will welcome the extension of the instant asset write-off, a focus on regulatory reform, strong infrastructure investment, and a national skilling fund. Detailed below are the key... READ MORE


Landlords missing out out on tax deductions

Landlords missing out out on tax deductions

Added on 08 May 2017

  A national real estate group has found that an overwhelming majority of property investors aren't properly claiming their tax deductions, and missing out on thousands of dollars as a result.  Raine & Horne executive chairman Angus Raine issued a reminder to all property investors that they should be completing a tax depreciation schedule in order to claim deductions before the end of the financial year."Re... READ MORE


Affected by Cyclone Debbie?

Affected by Cyclone Debbie?

Added on 13 April 2017

  If you find yourself affected by the fallout from the flooding or other weather conditions due to the recent cyclone support is available from the Australian Taxation Office while you recover.  If your business has been affected by Cyclone Debbie or ex-Cyclone Debbie the ATO understands that you have more things to worry about than your tax obligations. They'll give you time to deal with your immediate problems... READ MORE


RBA Keeps rates on hold

RBA Keeps rates on hold

Added on 04 April 2017

  The Reserve Bank of Australia has concluded its April meeting, announcing where the official interest rate will stand for the next month. The RBA says it will keep the official cash rate on hold at 1.5 per cent, as widely anticipated, for the eighth consecutive month."A rate cut [was] unlikely because economic growth has bounced back after its September quarter slump, the RBA expects that underlying inflation has bottom... READ MORE


Save tax with a little planning

Save tax with a little planning

Added on 29 March 2017

With the tax year almost three quarters complete, it is time to start thinking of tax planning. If profits are up, or even down, important considerations need to be made to manage any resulting tax consequences, with either permanent measures or timing measures to move tax payable from one year to another. If your business has made profits or even if you personally have significant income from investments, then appropriate ... READ MORE


Rising rates hit property investors

Rising rates hit property investors

Added on 17 March 2017

National Australia Bank (NAB) announced it will raise its standard variable mortgage rate by 25 basis points to 5.8 per cent for property investors and by seven points for owner-occupiers to 5.32 per cent. The increased rates are due to take effect next Friday.  Speaking earlier this week, RBA assistant governor Michele Bullock said Australia’s regulatory bodies, including APRA, ASIC, and the Treasury, are watchin... READ MORE


ATO Set for clamp down on SMSFs non lodgement

ATO Set for clamp down on SMSFs non lodgement

Added on 23 February 2017

  Non-lodgement continues to be a major focus for the ATO’s SMSF compliance activity and the tax office will soon be stepping up its communications with those who are yet to comply. On-time lodgement has been a major focus of the ATO in recent years, with delayed lodgement often a sign of deeper issues within an SMSF. ATO assistant commissioner for superannuation Kasey Macfarlane has stated that the tax office recently ... READ MORE


SMSFs keep the bastards honest

SMSFs keep the bastards honest

Added on 16 February 2017

  Don Chip and the Australian Democrats "Kept the Bastards Honest"  The efficiency of the SMSF sector will be a major focus of the Productivity Commission’s review of the super system, suggesting significant and systemic change could be in the pipeline.Given the Murray Inquiry’s finding that Australia’s superannuation system is not operationally efficient, the Productivity Commission’s review will be assessin... READ MORE


How to maximise cash flow for your investment property

How to maximise cash flow for your investment property

Added on 06 February 2017

  As a building gets older, items wear out, they depreciate. The Australian Taxation Office allows property owners to claim this depreciation as a deduction. Depreciation can be claimed by any property owner who obtains income from their property. Buying or building a new investment property usually delivers greater deductions for depreciation of fixtures and fittings and annual write-off of the building cost. The size o... READ MORE


The surprising thing damaging your credit score

The surprising thing damaging your credit score

Added on 01 February 2017

  If you're struggling to get finance for your business or personal needs, it could be a poor credit score, and you may be surprised to learn that the reason for this is simply that you've been shopping around for a loan. Enquiry listings on your credit files are a big red flag to lenders.  An enquiry listing is put on your credit file each time you apply for finance. The enquiry listing could be placed by a ban... READ MORE


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Latest from the blog

2017 Federal Budget update 10 May 2017

  Treasurer Scott Morrison handed down the 2017-18 Budget in Canberra last night, and it contains a series of targeted measures to help small... READ MORE

Landlords missing out out on tax deductions 08 May 2017

  A national real estate group has found that an overwhelming majority of property investors aren't properly claiming their tax deductions, and... READ MORE

Affected by Cyclone Debbie? 13 April 2017

  If you find yourself affected by the fallout from the flooding or other weather conditions due to the recent cyclone support is available from... READ MORE

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