Hands up – who wants to save tax?
Most investors and business owners are aware that the interest paid on an investment loan is generally tax deductible. These deductions can be maximised by prepaying the interest on the loan.
Fringe Benefits Tax year: 2019-2020
The Fringe Benefits Tax (FBT) year ends on 31 March. Therefore, in this article, we’ve outlined the hot spots for employers and employees.
Bushfire support and assistance
If you are impacted by bushfires, we can help. Many will need to lodge economic loss claims to ensure that the true value of what they have lost is recognised. We will help with these claims pro-bono. And, of course, to work with the Australian Tax Office (ATO) on disaster relief requirements.
CGT and the family home: expats and foreigners excluded from tax exemption
Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.
ATO targets lifestyle assets
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts.
Can the Tax Office take money out of your account? Your right to know
can the ATO take money out of your account without advising you first? With the support of the courts, absolutely and a whole lot more.