Downsizing into Superannuation

The Government has released a Fact Sheet on their plan to encourage older people to downsize from homes that no longer meet their needs and to free up housing stock for young families starting out.

From 1 July 2018, older Australians will be provided with greater flexibility to contribute the proceeds of the sale of their home into superannuation, reducing a current disincentive to downsizing.

Read the Fact Sheet Here.

Rental Property Owners: What can you claim?

When investing in a rental property, or wishing to invest in a rental property, you’ll need to keep records right from the start and work out what you can and can’t claim as a deduction.

What can you claim?

Read More

Maximize your motor vehicle tax deduction

Are you always on the road for work?

Whether you are an employee or a business owner, at some point of your career you may require use of your vehicle for work/business purposes to travel between office/work sites. You may be eligible to claim your car expenses in your tax return.  But…

Have you wondered what you can do to maximise your motor vehicle tax deduction?

Read More

Do you use your Car for your business?

From 1 July 2017 the following car threshold amounts apply for luxury cars:

Read More

Is it a hobby or is it a business?

Usually we start our businesses up as we have a great idea in mind and would love to share it with the world. It would start in your back yard, garage or study. When it comes tax time you wonder if you need to declare it in your tax return or not.

Read More