Trust distributions from a discretionary trust
30 August 2021
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The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset rests with the trustee.
Category: Tax
Capital works deductions for rental property
16 August 2021
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Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits imposed in relation to the dates
Getting deductions for clothing and laundry expenses right
23 July 2021
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The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain
Avoid common mistakes in your business return
16 July 2021
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We know you want to get your tax right, so it may help you this tax time to know how to avoid making what the
The tax treatment of cryptocurrency
7 June 2021
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Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of. It’s been more than 10-years
Tax Tips For Property Investors
24 May 2021
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The year end is fast approaching, and it’s time to take stock of what can be done to get some tax deductions in this year’s
Federal Budget 2021-22
12 May 2021
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The Federal Budget 2021-22 was handed down last night. A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget deficit of $161 billion,
EOFY tips for your tax plan
10 May 2021
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The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make
What expenses can you claim when working from home?
7 May 2021
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Many offices have moved to remote working and employees continue to work from home, this can create added expenses for employees. If you have been
Timing of real estate and Capital Gains Tax (CGT)
14 April 2021
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When you sell or otherwise dispose of real estate, the time of the event (when you make a capital gain or loss) is usually when