Running Your Business from Home

The technology available to us today means that business activities can be performed from just about anywhere. Some of Australia’s most successful and well- known brands were started from someone’s kitchen, spare room or garage. Running a business from home is certainly a popular starting point especially for a small business that is starting out […]

Making a Payment Plan with the Australian Taxation Office

Written by Adam Taylor: There may be times when cash flow is tight and paying your tax bills on time may be difficult. In times like these, a payment plan with the Australian Taxation Office (ATO) to pay your debt over instalments may be an option. A payment plan can be set up online via […]

Taxing Foreign Income in the Hands of an Australian Resident

Written by Emily Baulderstone: Under Australian Tax Law, income derived by an individual who is considered to be an Australian resident for tax purposes is subject to income tax whether this income was derived from an Australian or Foreign source. Determining if you are an Australian resident for tax purposes can be a difficult issue […]

Depreciation game changes for residential investment properties

Last week marked the biggest change to depreciation legislation in 15 years. As part of the government’s efforts to claw back negative gearing parliament passed the Treasury Laws Amendment (Housing Tax Integrity bill) into legislation. This legislation means that you can no longer claim income tax depreciation for plant and equipment assets in second-hand properties […]

Testamentary trusts: tightening control on the distribution of your assets

A common question that we often get asked by our clients is “How can I protect assets left to my children from in-laws if their marriage breaks down?” The best way to achieve greater control over the distribution of the assets in your will is to establish a testamentary trust. A testamentary trust is also […]

Superannuation strategies: a comprehensive guide and tips for small business

For many small business owners, superannuation can be a confusing and complicated place. This needn’t be the case. It is best to break things down into various “buckets” and tackle them one at a time. If you would like to learn more about how to get the maximum benefit from your superannuation, or how to […]