Recently the ATO increased focus on rental property deductions. You can claim expenses relating to your rental property but allowable deductions cannot be claimed in relation to a rental property unless the property is held for rental (genuinely available for rent) or actually rented to tenants. Furthermore, co-owners must divide the income and expenses of… Read more »
The end of the financial year is nearly upon us meaning it’s tax time once again. In order to help you prepare for the new financial year, we have put together 25 tax tips to consider before June 30 2016. Our tax tips have something for everyone; so if you’re looking for small business tax… Read more »
Are you currently thinking about selling your business? Many business owners have put their blood, sweat and tears into the creation and management of their business. And for this reason it is important that you ensure you do all that is possible to maximise your return from the sale of your business.
A binding death benefit nomination (BDBN) indicates who the self-managed superannuation funds (SMSF) is to pay your death benefit when you die. The recent Queensland Supreme Court case of Munro v Munro highlighted the importance of ensuring that our BDBNs within SMSFs are correctly drafted. This case involved a dispute in relation to the payment… Read more »
With the recent increase in debt recovery efforts by the Australian Taxation Office (ATO), many have resorted to negotiating payment arrangements. However, there are some downfalls to such arrangements.
Are you looking for a loan to finance your development? Finding the right loan can be a tough decision. When it comes to property development or any construction projects, the return on your investments (ROI) is important. How you finance your development can have a significant impact on your ROI.
A preliminary agreement is entered into between parties with an intention of concluding a more comprehensive agreement at a later date. From a legal standpoint, there are only two types – those that are legally binding and others that are not.
Are you looking to purchase a property in the name of your family trust? There are some tax implications if you are not careful.
There has been an increase in Australian businesses using mobile apps to improve efficiency and productivity of their workplace. There are numerous ways that apps could be used to improve your business.
A major problem for many small business owners is having too much work and not enough time to complete it. Increasing productivity involves fine-tuning your time management skills, knowing where to place your focus and creating an environment best suited to your work life. Here are 5 ways to work smarter, not harder this new… Read more »