Many businesses, small and large, are in the process of finalising their business and individual financials for lodgement with the ATO over the next few months.
Despite 12 months of campaigning by Council of Small Business Australia (COSBOA) and Australian Chamber of Commerce and Industry the government has not given Australia in to pressure to make permanent the instant asset write off scheme for small[...]
We have written previously (and endlessly) about “The Budget Announcement” that was made in May 2017, and how some in our industry perceived it to be “doom and gloom”. We didn’t agree with that line of thought and believed it was a matter of time[...]
If you have purchased or want to purchase a brand-new house or unit, there are great tax depreciation deductions claimable to you!
With residential depreciation legislation changing in May last year, there has been some confusion amongst property investors and industry professionals and many have been wondering if second-hand properties can still claim tax depreciation.
As a property investor are you expecting a tax refund due to a negatively geared investment property? Did you know you can access that refund in advance, or in real time during the financial year to improve your cash flow each month?
Accountants are not qualified to estimate construction costs, which includes more than just materials & construction labour. For example, accountants are not qualified to estimate construction works & associated costs of previous works over the[...]
Fact 1. Depreciation is typically one of the largest deductions available to property investors
Averaging between $2,500 - $5,000 for an existing house and $10,000 - $13,000 for a brand new[...]