FBT 2023: Updates and problem areas
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
What is an SMSF Loan?
What is an SMSF Loan? SMSF Loans (or Limited Recourse Borrowing Arrangements – LRBAs) assist SMSF trustees to borrow money to buy an investment property within their SMSF. SMSF Loans benefit people who need to build their retirement savings faster, or would like...Room to rent? Read this first.
This article is very handy for your clients who are thinking of renting out a room for travellers which is becoming a popular way to make some extra cash. It explains the tax implications (income and CGT) and outlines possible deductions to offset potential tax. Room to rent? Read this first.
Financial Resolutions to Kickstart the New Year
The beginning of the new year is an ideal time for setting financial goals. here are four practical ways you can kick your year off to a great start. Financial resolutions to kickstart the new year
Should you manage your investment property?
While managing your own investment property can seem like a simple way to keep more of the rent flowing towards the mortgage, there’s a little more to it than making sure the house is standing and collecting the money. Should you manage your investment property?