Private Clients

The Coalition wins a third term – your superannuation policy update in preparation for the end of the financial year 23rd May 2019

The Coalition Government has been re-elected in the 2019 Federal Election, with a small majority of seats in the House of Representatives, after taking a policy of stability for superannuation to the election. ...

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The Major Parties’ Superannuation and Tax Policies 18th April 2019

The federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our clients have been asking what the major political parties’ policies are that may impact their SMSF, individual taxation circumstances or personal investments. ...

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Super guarantee amnesty not yet law: ATO will apply existing law 17th April 2019

The ATO reminds businesses to be aware that under the current law, if they have missed a superannuation payment or haven’t paid employees’ super on time, they are required to lodge a superannuation guarantee (SG) charge statement....

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Government delivers surplus election friendly 2019-20 Federal Budget – Leaves superannuation largely untouched 8th April 2019

A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts....

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Instant asset write-off for small businesses extended and increased 11th March 2019

Small businesses will get an extra tax break following the recent announcement by the Government that the instant asset write-off scheme will be extended to 30 June 2020 for assets purchased under $25,000 in value....

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Attention all car owners! You must declare what you share 4th October 2018

Do you earn income through car sharing platforms? If you do, it is important to include the income – no matter how little – in your tax return. It’s no different to anyone else renting out an asset, like a house or a car park. You must declare the income and you cannot avoid tax by calling it a hobby....

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Airbnb And Home Sharing: Taxing Implications 28th June 2018

first into the sharing economy by driving Ubers or listing their properties on Airbnb and other home sharing sites. Renting out a part of your home or your whole home while you're on holidays seems like a great way to make some extra money now, but if you go down this route what about the tax implications for you now and in the future?...

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The Budget sweetener: lowering personal taxes 25th May 2018

Low and middle-income earners have emerged as the winners from the Budget. The Government unveiled their 7-year 3-phase plan, focusing on reducing the tax burden on individual taxpayers from 1 July 2018....

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Australian Federal Budget Review 2018 8th May 2018

In the run-up to the Federal Budget, two things were expected, a budget that responsibly delivered tax cuts and also a budget that delivered ‘meaningful’ tax reform....

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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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