by Chan & Naylor | Jul 27, 2021 | Property Investment
What is your Property Worth? In a bullish market where dwelling values are rapidly increasing, investors and homeowners alike are eager to figure out the amount their property has grown in value. There are two simple steps to provide an indication as to the value of...
by Chan & Naylor | Jul 27, 2021 | ATO, Tax Planning
Tax treatment of cryptocurrencies – How the ATO deals with it. The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain....
by Chan & Naylor | Jun 15, 2021 | Property Investment
Ten Tips for Saving a Home Deposit Trying to get into the property market in Australia is not always easy, let alone trying to save 20% to get into the market without having to pay Lenders Mortgage Insurance (LMI). Read more about LMI here. Thankfully, with the...
by Chan & Naylor | Jun 15, 2021 | Property Investment
Immediate deductions are available for property investors Depreciation is the natural wear and tear of property and assets over time. It’s normally thought of as a high-value, slow-burn deduction as it takes up to forty years for an entire property to depreciate. But...
by Chan & Naylor | May 25, 2021 | Tax & Accounting
While planning of any kind has been challenging over the past 12 months, tax time remains a certainty for all businesses and individuals who are working from despite the easing of Covid-19 restrictions. Tax planning should be a key element of your business and...
by Chan & Naylor | May 25, 2021 | Tax & Accounting
Preparing Your Income Tax Returns for EOFY – June 30, 2021 Now is a great time to review tax planning opportunities and consider where you might stand to benefit. Tax Planning for Individuals We have produced a comprehensive Tax Planning Guide for Individuals to...
by Chan & Naylor | May 13, 2021 | Budget 2021, Superannuation
No changes to increase in superannuation guarantee percentage Despite increasing pressure from some businesses and the media to again pause the superannuation guarantee (SG) rate, no changes were announced to the SG rate in the Budget. Consequently, from 1 July 2021,...
by Chan & Naylor | May 13, 2021 | Budget 2021, Business Support
A number of important measures were announced to more broadly support business taxpayers. These measures will support businesses to invest and grow, remove unintended consequences and reduce compliance costs. Extension of temporary full expensing measure A one year...
by Chan & Naylor | May 13, 2021 | Uncategorized
Many individuals will also directly benefit from the 2021-22 Federal Budget with reduced taxes for low and middle income earners, support for child care, greater access to voluntary superannuation contributions under the Government’s First Home Super Saver Scheme and...
by Chan & Naylor | Apr 28, 2021 | ATO
Single Touch Payroll Reporting | ATO changes The Tax Office has laid out some of the major changes to reporting for businesses under Phase 2 of Single Touch Payroll (STP). The federal government said in the 2019–20 budget that Single Touch Payroll would be expanded to...
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