Landlord plant and equipment depreciation deductions limited
Landlord plant and equipment depreciation deductions limited to actual outlays - from Tax & Super Australia - 17/1/2018 The government has made good on a measure announced in its 2017 Federal Budget, and now limits plant and equipment depreciation deductions to...
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News on Company Tax Rate & Mid Year Fiscal Outlook
Enterprise Tax Plan reducing the corporate tax rate and the Federal 2017-18 Mid-Year economic and fiscal outlook
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Capital allowances: draft effective lives of assets used in the fruit and vegetable processing industry
Proposed new determinations effective asset lives in fruit and vegetable industry The ATO propose to add the following list of effective life determinations to the Commissioner's schedule to apply to assets purchased (or otherwise first used or installed ready-to-use)...
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Private use of exempt motor vehicles for FBT
Eligible Motor Vehicles by Employees The ATO have released a draft practical guideline on the private use of eligible motor vehicles by employees. Where private use of these vehicles by your employees is limited, some fringe benefits tax (FBT) car-related exemptions...
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Is paying off your HECS early worth it?
Is paying off your HECS early worth it?
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Tax tips for Airbnb hosts
Airbnb is one of the most popular ways of making an income on the side. But what Airbnb tax impacts should you look out for? Airbnb offers a great opportunity to rent out that spare room without the long-term commitment. Or, it’s a handy way to lease a holiday home...
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Tax Update 2017
The key announcements from the 2017 Federal Budget that may have an impact for year-end tax planning include: Removal of the main residence exemption for non-residents and temporary residents for properties purchased after Budget night An annual levy of at least...
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Tax Update 2015
The May 2015 Federal Budge contained a number of announcements involving the taxation of small business. A small business has an individual or aggregated turnover less than $2M. Listed below is a summary of the main changes. Tax Cuts Companies From 1 July 2015, the...
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