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SMSFs and insurance: Are you losing a valuable deduction?
Tuesday, 2 September 2014
The surge in the number of SMSFs continues, but an equally significant trend has moved in tandem with this growth – the dropping away of insurance protection for SMSF members.
Would you take a pay cut for your ideal job?
Monday, 1 September 2014
A survey asked the above question, and found that the answer in the affirmative puts an average to the hypothetical pay cut at about 10.5% of their present salary.
New law may mean more deductions
Monday, 1 September 2014
A deduction for tax advice from certain financial planners would seem to be available as a consequence of an amendment to the tax law.
Holiday house deduction claims under Tax Office scrutiny
Friday, 29 August 2014
The Tax Office is reportedly taking a dim view of holiday house owners who rort the tax system by claiming tax deductions for properties they pretend to rent out.
Tax Office warning: property developers must declare their income
Thursday, 31 July 2014
The Tax Office has recently issued Taxpayer Alert TA 2014/1 which warns property developers against using trusts to return the proceeds from property development as capital gains instead of income on revenue account.
Tax Office: Client declarations FAQs
Tax Office publications released
Thursday, 31 July 2014
Tax Rulings, Determinations and Interpretative Decisions
Market Watch – Aussies ‘get’ e-commerce, MYOB IPO, Fuel credit guide, Retail bounces
Thursday, 28 August 2014
Australians have been found to be ahead of the e-commerce game in our region, there are rumours of a float for MYOB, and statistics fro the retail sector have thankfully shown a rebound of late.
Is your business using the right fuel tax credit rate?
Wednesday, 27 August 2014
The Tax Office has warned that businesses should check that they are using the right fuel tax credit rate, as it may have changed without their knowledge.
Australian companies are not taking enough advantage of free trade agreements: research
Wednesday, 27 August 2014
Research suggests that few Australian companies utilise free trade agreements within their business strategy, which can boost exports and a business's competitive edge.
Tax Office enacts new law to prevent dividend washing
Tuesday, 26 August 2014
A new tax integrity rule has been put in place by the Tax Office to limit a taxpayer's ability to obtain a benefit from “dividend washing”.
SMSFs and insurance: Are you losing a valuable deduction?
Tuesday, 2 September 2014
The surge in the number of SMSFs continues, but an equally significant trend has moved in tandem with this growth – the dropping away of insurance protection for SMSF members.
Would you take a pay cut for your ideal job?
Monday, 1 September 2014
A survey asked the above question, and found that the answer in the affirmative puts an average to the hypothetical pay cut at about 10.5% of their present salary.
New law may mean more deductions
Monday, 1 September 2014
A deduction for tax advice from certain financial planners would seem to be available as a consequence of an amendment to the tax law.
Holiday house deduction claims under Tax Office scrutiny
Friday, 29 August 2014
The Tax Office is reportedly taking a dim view of holiday house owners who rort the tax system by claiming tax deductions for properties they pretend to rent out.