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When does a Tax Law Announcement Become Active
When an election is around the corner, there are usually many announcements made by the Government of the time to entice undecided voters...
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Business Structures in Australia- Sole Traders and Partnerships.
Deciding on the structure of your new business is one of the most important decisions you will need to make. Careful consideration of your c
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Expenses you can no longer claim from your rental property
If you own a rental property, the income and expenses relating to that property are recorded in your income tax return. Like with other dedu
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What is depreciation for Tax Purposes?
Depreciation is the term used to describe the decline in value of an asset over the asset’s effective life. For example, a new car purchased
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How can I claim my Travel between home and work?
One of the odder concepts to come from the common law system in Australia is the distinction made regarding the validity of claiming travel
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Bas Myths and legends
While the Business Activity Statement does not carry the romance and drama of an Ancient Greek tragedy, there are still many misconceptions
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What documents do I need to provide to my accountant?
The ATO expects you to keep certain documents (or more seriously, “written evidence”) of many transactions which you are involved with as a
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Myths of the instant asset write-off
Although it has been in existence for several years, you may be unaware of a small business tax concession which could save your business $$