Are Rapid Antigen Tests (RAT) tax deductible? Well, it's a grey area. Let's break it down. Do RAT tests contain GST? Yes. If the RAT tests are being used in connection with your business, this GST can be claimed back. Can a business…

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance,…

Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed. A…

Although individuals and small business owners are now enjoying welcome tax relief in the wake of some valuable tax changes, there is more on the horizon as the government seeks to reboot the Australian economy. Here’s a quick roundup of…

Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. When ownership of an asset is transferred, it triggers a capital gain or loss with potential tax implications.…

It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could…

We have a guest post from our friends over at Capital Claims Tax Depreciation. How claiming for depreciation boosts cash flow Right now cash flow is front of mind for so many landlords.  With the economy hurting, maximising cash flow from…

Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. Among all the generosity from Australians, celebrities and businesses,…

As the festive season fast approaches, it’s time to start thinking about and planning for the break. If possible, we want to avoid paying more tax in the form of FBT this Christmas time. Because really, who wants to pay an additional tax? (not us!) We’ll show you how.

Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead. According to Treasury, more than 1.9 million people earned rental income in 2012-13 and of those about 1.3 million reported a…

This is a question that we get quite often. Everyone likes to hope that they can go overseas and claim it as a business expense. But can you? The short answer is sometimes, yes. But often not the entire trip. Firstly there needs to…

In early July all three stages of the Government’s personal income tax plan passed through Parliament and are now law. The amendments to the legislation are as follows: The income tax rate thresholds to be progressively increased in the…

Life is busy – we not only get it, but this year we are actually embracing it by making a way to do your tax without actually coming in. This year we have introduced a new way of doing tax. From your couch. Yep you heard that right. It's…

We know you're busy, if you'd like to have your tax appointment by phone or Zoom that is easy to do. We explain what we need you to email through to us prior to your appointment.

Keen for a new laptop, car, or even an airport lounge membership? Sick of putting your hand in your pocket for school fees, the rent or your mortgage? All of these things could be paid for through a salary sacrifice arrangement. With…

Can you believe it's tax time again already? As we aren't holding in person tax return appointments this year, all information will be collected using our Tax from the Couch. If you'd like to gather your information in a spreadsheet prior…