News

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Tax Store Ringwood Store Opening

We congratulate our franchise partner Daniel from Tax Store Ringwood for his Store Opening.

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ATTENTION: TAX STORE CLIENTS

Thank you to all our Tax Store clients who entered our car giveaway competition.

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Getting market value right for taxation purposes

A century on from the High Court’s landmark decision in Spencer v Commonwealth1, Simon Dorevitch sheds light on the term “market value” and its implications for tax purposes.

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Travel

Home to work travel claims? Generally not, but sometimes…

As a general rule, travel from your home to your workplace is not allowed as a deduction because it constitutes a “private expense”. There are however specific situations where this rule does not apply, and there can be circumstances where you may be entitled to claim some of the travel expenses between your home and your regular workplace, or even your alternative workplace.

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Federal Budget 2018

The item that may receive the most analysis from the whole of this year’s federal budget will be the increase of the 32.5% tax bracket, and an expansion of the Low Income Tax Offset.

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Look before you leap with testamentary trusts

A testamentary trust works in tandem with a will, and is similar to a discretionary trust, with the major difference being it only takes effect upon the death of the person who made the will. The trust can be funded by some or by all of your assets, and by payments derived as a consequence of death, such as life insurance payouts and superannuation death benefits.

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