Businesses that have an annual turnover of $10 million or less will have less tax to pay on their 2016-17 income tax return, according to business accountant Chan & Naylor. The Australian Taxation Office has lowered the company …
ReadScott Morrison focused on creating jobs, tax relief and hospital funding this year. Here are some of the pleasant and unpleasant Budget measures included in the Federal Budget 2018: WINNERS First, many will rejoice that over 10 million …
ReadThe May 2018 issue of real estate magazine, Your Investment Property, featured industry experts including Janelle Bartlett of Chan & Naylor Redlands. The issue covered strategies on how to keep your property safe from fire, theft and tenant …
ReadThe tax season is already in full swing and it is the best time to talk about several tax deductions that may be available to you but you often forget as a taxpayer. Do you wonder what the …
ReadOne of the best ways to boost your tax return is by taking advantage of the deductions available to you. When you complete your tax return, remember that you can claim deductions for some of the expenses you …
ReadThe Labor party will stop giving refunds if receiving Franked Dividends results in a refund. They argue that it was not fair that if you have not paid tax then you should not get a refund. They are …
ReadShould wealthy and sophisticated property investors be excluded from negative gearing tax deductions while people in the bottom 50% of incomes be allowed to claim 100%? Yes, according to a new proposal seeking to change negative gearing. Under …
ReadThere are several reasons why you should not procrastinate when filing your tax return. Remember that many people are blindsided by their tax bill and if you wait until the last minute, you might have less time to …
ReadTranscription: 1. Use a Trust to distribute income to lowest tax payer Ed: The very first one I thought of was to use a trust as often as you can. A trust is a really flexible structure to …
ReadWe hope that everyone is having a successful and enjoyable year so far. It’s a busy time for accounting firms as the new tax season is here. It’s good to talk to your accountant now to see how …
ReadWhen you invest in properties, you should understand the best strategies for your financial goals, research the market and find the right properties that can implement these strategies. Be careful not to ignore your budget or go against …
ReadWatch this video of Ed Chan at the Business Blueprint Elite Conference in Sydney, where he talks about how you can maximise your profit by planning your tax and structures well. Youtube: Game of Tax by Ed Chan …
ReadNow that 2017 has closed, make sure you do not have any financial or legal lose ends which will set you back this new year. Here are some things you can do. Any company changes will require …
ReadThe last date for lodging your FY2017 tax returns are coming up and will quickly fly by. For individuals, sole traders, partnerships, trusts, companies and SMSF, remember that if you are lodging the tax return through a tax …
ReadParents should be financially savvy to show their children how they should manage their finances as adults. It is important for parents to oversee their family budget and manage their household finances. Tax refunds are one of the …
ReadSome key changes to legislation on tax deductions on rental property investments were passed on 30 November 2017. The effective date is from 1 July 2017 1) Travel expenditure related to residential rental property including Motor Vehicle expenses, …
ReadMany people need to travel for work. It can simply be a meeting with a client for a few hours or an overseas or interstate trip which can last for a couple of days. The expenses that people …
ReadAustralians have so many reasons to borrow and invest in real estate. Some invest in real estate because of the belief that property values do not really decline while others invest simply because they want to see and …
ReadThe Australian Tax Office has proposed a start date for the new events based reporting system for SMSF, with an industry association lobbying for a long transitional period to buy SMSFs more time to adjust. SMSF Association technical …
ReadOne question often asked by investors who are considering purchasing an existing second-hand property is whether or not they can claim deductions for work that has been completed to the property by a previous owner. The rules have …
Read