Expert Knowledge You Can Trust   Individual Tax Planning - 2019 Rental Properties Quantity Surveyor Reports It may be worthwhile obtaining a quantity surveyor report, so you can claim a deduction for the construction costs and decline in value of...

Expert Knowledge You Can Trust   Employer Tax Planning - 2019 Staff Bonuses/Directors Fees These expenses may be tax deductible prior to payment, as long as you are committed to paying these amounts. You will need to quantify the amounts,...

Expert Knowledge You Can Trust   Business Tax Planning - 2019 Small Business (Aggregated Turnover <$10M)  The definition of a small business for tax purposes was changed to increase the turnover test from $2M to $10M.  Some of the relevant...

Expert Knowledge You Can Trust   When can you access your superannuation? The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can...

Expert Knowledge You Can Trust   Family Trust Elections Family trusts may not be for Tax Law Purposes. Many High Net Worth Groups and smart business structures include Discretionary Trusts. Many Tax Agents often confuse or refer to these as...

Expert Knowledge You Can Trust   Tax 'safe harbour' for inherited property When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met....

Expert Knowledge You Can Trust   New domestic violence leave entitlements A Fair Work Commission decision created a new entitlement for most Australian employees; unpaid family and domestic violence leave. The Fair Work decision provides five days’ unpaid leave per...

Expert Knowledge You Can Trust   ATO takes its share of car sharing The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO....

Expert Knowledge You Can Trust   Single Touch Payroll (STP) What is "Single Touch Payroll"? Single Touch Payroll (STP) is a new framework for reporting payroll and superannuation information in real time.  In most cases payroll software will facilitate this...

Expert Knowledge You Can Trust   Clothing tax deductions hung out to dry The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns. The ATO says that clothing claims are...