Rental property: what expenses can you claim?
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense…
What’s your business worth?
A business valuation provides an independent assessment of your business and it’s potential value. But when should you arrange a valuation and why is it important? Typically, clients utilise this service for: Sale of business…
Good Debt vs Bad Debt: What’s the difference?
You have probably heard people talk about good debt and bad debt. However, it’s easy to forget the difference when cash is tight, or your consumer desires get the better of you! So, here is…
Confusion over recent tax cuts
The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income tax return. The Australian Taxation Office (ATO) has…
Who owns the assets of a trust?
It’s not uncommon for people to put assets such as their family home into a trust, particularly professionals working in litigious fields or family groups wanting to protect assets. A recent case highlights some of…
Investment Watch: August
Domestic-focused businesses face a difficult operating environment with growth hard to come by, while offshore earners are better placed to grow. While FY19 expectations are low following a raft of downgrades, FY20 growth expectations remain…
$4,000 incentive to employ apprentices
When the Federal Government recently handed down the 2019-20 Budget, it announced key measures that will support the provision of up 80,000 apprenticeships over 5 years. Part of this initiative is the Additional Identified Skills…
Client Q&A: Harrybilt Engineering
We regularly step out of the office to visit clients. Not only does it build stronger working relationships, but it provides greater insight into our clients’ operations and challenges. A great working example of this…
Investment Watch: July
As we enter the second half of the year, there is a renewed sense of optimism for markets. Central Banks have struck a more dovish tone and stability in Canberra will provide much-needed confidence for…
Laundry expenses hung out to dry
The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims…
