Small Business – Planning for the unthinkable

Many individuals put it all on the line in an attempt to set up a successful small business. For many businesses owners the value of their business is their only major financial asset other than their family home. Although the majority would have insurance to protect...

Holiday rentals under greater scrutiny

The Australian Tax Office (ATO) has begun to monitor tax deduction claims made for holiday rental properties much more closely, with the purpose of preventing excessive rental deduction claims. They have advised that they have sent letters to taxpayers in about 500...

Driving Licence Demerit Points System

How does the demerit system work? You accumulate demerit points for certain driving offences you commit. This means that when you first receive your licence you will have zero demerit points. The amount of demerit points you can accumulate over a three year period...