Salary sacrificing loopholes…

Salary sacrificing loopholes…

(20/09/2019) Have you heard about the salary sacrificing loopholes that can adversely affect your retirement savings plans? Under current laws, employees who sacrifice some of their salary in return for additional super contributions may end up receiving less than...
Rental property deductions: Part 1

Rental property deductions: Part 1

(30/08/2019) Did you know that a random audit by the ATO last year revealed nine out of ten rental property owners made a mistake with their rental deductions? In this first of a two-part series, we share some tips on what you can and can’t claim. This article assumes...
Claiming work trips for business owners

Claiming work trips for business owners

(13/09/2019) Do you sometimes take work trips for your business – perhaps to overseas conferences or interstate clients? When a trip is clearly for business purposes only, the rules for deducting your expenses are fairly straightforward. You can claim airfares, taxis...
New ATO power to disclose business tax debts

New ATO power to disclose business tax debts

(06/09/2019) If your business has outstanding tax debts, watch out for a proposed new tool in the ATO’s debt recovery arsenal. New laws before Parliament will allow the ATO to report some debts to credit reporting bureaus, who will then be permitted to use this tax...
When can I access my super early?

When can I access my super early?

(13/09/2019) Thinking about tapping into your super early to help with mounting expenses? It’s not easy as the eligibility rules are strict. You must meet a “condition of release” before you can access you super. The major events are attaining 65 years and...