Mark Ciampi

Expert Knowledge You Can Trust COVID-19 Federal Government Stimulus Package Summary COMMERCIAL LEASES Tuesday 7 April 2020: Mandatory Commercial Residency Code of Conduct, administered by the States and Territories: 1. Code of Conduct Effective: immediately - Purpose of the Code is…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Partial Year Tax Deductions Can Boost Your Cash Flow If you haven’t owned your investment property for a full year you can still claim depreciation deductions this tax time. Investors can claim pro-rata depreciation…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Time Saver: New Employees and ATO Electronic Onboarding Save some internal administration time by having your new employees access and complete the following onboarding forms through ATO online services via their myGov account: -…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Emerging property investment trends What will 2019 hold for the property market? We look at some of the biggest trends we're likely to see in the year ahead.   Investors seeking regional areas over…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Top 10 tips to help rental property owners avoid common tax mistakes 9 out of 10 Individual tax returns reviewed by the ATO with a rental property had mistakes. Here are the top 10…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= How to minimise your tax before 30 June (without breaking the rules) Write-off bad debts To be a bad debt, you need to have brought the income to account as assessable income and given…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Trust Tax Planning - 2019 Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to 30 June each financial…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Self Managed Super Fund Tax Planning - 2019 Minimum Pension Amounts If you are a member of a self-managed super fund (SMSF) and have a pension in place during the financial year, please ensure…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= 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 JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= 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,…