Private Clients

Claiming the cost of repairs on a rental property? What you can and can’t claim 20th April 2018

Need to do some repairs on your rental property? You may be able to deduct these repairs and maintenance costs.The first thing to remember is that the repairs and maintenance costs must relate directly to ‘wear and tear’ or other damage that occurred as a result of you renting out the property....

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GST Alert: Australian Government Turns Property Purchasers Into Gst Collectors 23rd March 2018

The Federal Government has introduced legislation into Parliament that turns mum and dad property purchasers into GST collectors for the ATO.  The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 imposes onerous obligations on developers and purchasers from 1 July 2018 and is likely to cause significant practical and administrative difficulties, particularly in the short term.  Developers and other vendors of residential property will need to prepare for new rules....

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Protect yourself; no-one else can do it for you 7th December 2017

We all know how much more litigious our society is becoming . . . and we’ve all heard horror stories of how some unexpected business risk appeared from left field and totally destroyed someone. “It was never meant to happen.”...

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Get a scoreboard - what is not measured cannot be managed 1st December 2017

When we live our day-to-day lives with such focus and precision the results are truly amazing. What is not measured cannot be managed....

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Get structured - best not to build on a foundation of sand 1st December 2017

The whole area of structuring is full of opportunities that are seldom effectively utilised. What do we mean by structuring? ...

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Get less tax - there are numerous ways to pay less tax 1st November 2017

There are numerous ways to pay less tax. As the quote above indicates, even people as wealthy as the late Kerry Packer are keen to find ways to minimise tax....

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Get an exit plan now - start as you intend to finish 1st October 2017

Many self-employed business owners will rely on the sale of their businesses to fund their retirement. In many instances they have no (or very limited superannuation) at the time of sale....

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Almost $18 billion of super waiting to be claimed. Is it yours? 28th September 2017

The ATO today announced its latest figures on lost and unclaimed superannuation accounts....

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When it comes to tax, most people rip themselves off 1st September 2017

When it comes to tax most people rip themselves off. It is not the system, rather it is the lack of sophisticated engagement with the system that costs taxpayers money....

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If there is one thing that you are sure to be asked about as an accountant, it will be “What can be claimed back from the taxman?” 1st August 2017

The most important place to start with a discussion of tax deductions is the basics of how they work....

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