In Focus: Tradies, can you claim travel?
Working in the trades often requires the usage of your own tools and equipment. While it is commonly known that If you're an employee,...
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Lachlan Murnaghan
Jan 31, 20222 min read
SMSF Mistakes - Be careful of anything that could be viewed as a "wash sale"
"Wash sale" is a term used to describe the quick sale and purchase of the same, or a similar, asset. It is an American term that first...
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matthewscobie
Nov 24, 20213 min read
Everything to know about - Franking Credits
The imputation system provides a way for Australian and New Zealand corporate tax entities that pay Australian tax, to pass on to their...
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matthewscobie
Nov 24, 20211 min read
Medicare Levy
The Medicare Levy is a tax payable by Australian residents to cover health care charges. It is payable on taxable income, in addition to...
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Lachlan Murnaghan
Nov 22, 20211 min read
Div 293 - Concessional contributions
Rather commonly we get asked by clients, what is the tax treatment of super contributions, and what is the tax on concessional...
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Lachlan Murnaghan
Nov 22, 20212 min read
ATO Audits - Don't Feel to Special
The Australian tax system has been carefully designed to be fair to everyone, so it’s important that we all pay the correct amount of tax...
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Lachlan Murnaghan
Nov 22, 20212 min read
Claiming deductions for working from home
Many of us have been working from home due to Covid-19 and other flexible workplace arrangements. Generally speaking home expenses that...
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Sean Tingcombe
Nov 17, 20212 min read
Possible structures for investing
When looking to buy investments. There are three main ways to house these investments. They are having them in your personal...
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matthewscobie
Nov 17, 20212 min read
Calculating and paying capital gains tax (CGT)
A capital gain or loss is the difference between what you paid for an asset and what you sold it for. This takes into account any...
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Matthew Scobie
Nov 9, 20201 min read
Tax relief for individuals
The Government brought forward 'Stage two' of their Personal Income Tax Plan by two years, so that, from 1 July 2020: The low-income tax...
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