Low-income earners may need to lodge a tax return

Low-income earners may need to lodge a tax return

by | Oct 16, 2019 | Tax Return

There are a number of reasons why you may still wish to or have to lodge a return even if your income is below the tax-free threshold of $18,200. were entitled to the private health insurance rebate but did not claim their full entitlement as a premium reductionhad a...
SMSFs gain an advantage on tax property development

SMSFs gain an advantage on tax property development

by | Oct 16, 2019 | Superannuation

The recently released ATO taxpayer alert TA 2014/1 spells good news for SMSFs! It should serve to remind us of a special exception that differentiates SMSFs from other types of trusts … and how this can save SMSFs extra tax in addition to the usual tax concessions...
Employee or contractor myths – workers with ABNs

Employee or contractor myths – workers with ABNs

by | Oct 16, 2019 | Uncategorized

When you hire a worker, forget the common myth that they’re a contractor simply because they have an ABN. Your worker could have an ABN for a number of legitimate reasons, but this makes no difference to whether you should treat them as an employee or contractor. When...
Are you thinking about buying assets?

Are you thinking about buying assets?

by | Oct 16, 2019 | Uncategorized

Are you thinking about buying assets to help your small business grow? Now is the time to buy! If you use the simplified depreciation rules you use the $20,000 write-off threshold. Simplified depreciation rules can get a bit tricky, so here’s how to get it right...