by Shane Yasserie | Jul 4, 2017
The ATO has warned taxpayers about common deductions that should not be claimed. In a new guide, Don’t be a dummy with your deductions, the ATO lists eleven items that are often claimed but probably shouldn’t be: • Travel between home and work; • Car expenses...
by Shane Yasserie | Jul 4, 2017
Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST. The perceived preferential treatment of internet shopping has been a contentious issue for a...
by Shane Yasserie | Jul 4, 2017
• GST applies to digital products & services imported by consumers • Small business $20k instant asset write-off extended until 30 June 2018 • Company tax rate reduction to 27.5% for entities with an aggregated turnover of less than $25m (companies with a...
by Shane Yasserie | Jul 4, 2017
Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational...
by admin-elevate | Sep 7, 2016
Does your self-managed superannuation fund (SMSF) own a motor vehicle, artwork, wine, coins, jewellery or other collectibles? More stringent rules for how these collectible and personal use assets are managed come into effect for all funds from 30 June 2016. While...
