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If you’re in the business of property, you can claim a range of work-related deduction that are no longer available to regular property investors. The ATO has some grey areas when it comes to deciding whether someone is a property investor, or operating a rental property business.
We’re here to help you claim back everything you’re entitled to, fast & painlessly… So, where to start? Here is a list of common tax deductions to help you get ready.
There is a lot to talk about when it comes to SMSF”s, so let’s start from the beginning.
Josh Frydenberg presented the 2020 Budget last night. Defined by the coronavirus pandemic, here are the winners and losers
Using a Self-Managed Super Fund to invest in property is a great way to unlock the true potential of your super and secure your dream retirement lifestyle. Although there are many advantages to this powerful investment strategy, there are also be some downsides to consider.
Fuel Tax Credits provide businesses with a credit for the Excise or Customs Duty included in the price of the fuel they use in their business activities This can be substantial source of income for many Australian businesses, but unfortunately a lot of you are missing out.
The JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
One of the most important factors many people overlook when buying and selling property is the Goods and Services Tax (GST). It can all feel overwhelmingly complicated when you’re not an expert in Tax Law – so let’s simplify things!
From 1 July 2018, if you have a total super balance of less than $500,000 on the previous 30 June and you make or receive concessional contributions (CCs) of less than the concessional contributions cap of $25,000 per annum, you may be able to accrue unused amounts for use in subsequent financial years.
Got a tax questions or unsure if you have the right advice?
ABA Tax are here to help answer anything you need to know, or at the very least steer you in the right direction.
Another free service ensuring we really do help simplify your life when it comes to tax!
