Property depreciation changes

Most property investors know that there were changes to depreciation announced in the May 9 Federal Budget. The draft legislation was released recently and cleared up some confusion, but also contained some good news: The changes do NOT affect commercial property. ...

read more

Small business incentives extended

Small business can take advantage of $20,000 immediate write-off In March 2017, as part of Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016, the definition of a small business was changed to include those enterprises with an aggregated turnover of less than $10...

read more

Cars and tax

From 1 July 2017 the following car threshold amounts apply: Income tax There's an upper limit on the cost the taxpayers use to work out the depreciation for the business use of car or station wagon, including four-wheel drives. They need to use the car limit that...

read more

Small Business Restructure Roll-Over

From 1 July 2016, small businesses will be able to change their legal structure without incurring any income tax liability for certain transactions. This applies when transferring active assets that are CGT assets, trading stock, revenue assets and depreciating...

read more

New Budget Highlights

 The new budget introduced major changes concerning Australian superannuation system.Some of the major proposed changes include:Changes to contributions caps, including the introduction of a lifetime non-concessional capLimits to how much can be transferred into...

read more
My Mother Hen is now Tax Focus!

My Mother Hen is now Tax Focus!

To reflect our business growth, we have changed our business name to Tax Focus Chartered Accountants and launched a brand new website: www.taxfocus.com.au. While our name may have changed, our loyalty to you and our level of service will not alter. We are the same...

read more

Investing in overseas property?

Investing overseas has become a hot market for prospective investors.The tax implications for such an investment are remarkably straightforward to understand.The rent received from an overseas property is treated the same way as an Australian property; however, it is...

read more

Overseas travel expense deductions

Australians are amongst the largest group of people that undertake overseas travel for either work or business purposes.We are all familiar to the overseas travel expense deductions that we can claim against such a travel as long as it was undertaken for work or...

read more

Follow Us

Subscribe to the Tax News Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Certified Xero Accountants Logo

Find out more about Xero about small business accounting with Xero

Pin It on Pinterest

Share This