The approach to tax when you’re working from home - Tax Accountants Oakleigh
If you produce assessable income at home, or some of it, and you incur expenses from using that home as your “office” or “workshop”, the ATO will generally allow that a taxpayer could be in a position to be able to claim some expenses and make some deductions. Otherwise the ATO takes the view that expenditure associated with a person's place of residence is more likely to be of a private nature.
Is the peer-to-peer lending investment option right for your SMSF? - Tax Accountants North Ryde
One investment option that has surfaced relatively recently, and that SMSF trustees may consider as a part of their strategy to grow their fund, is investing through peer-to-peer lending.
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The transitional CGT relief measure and your SMSF - Tax Accountants Norfolk Island
Transitional CGT relief is temporary relief available to all complying super funds, not just SMSFs, for certain CGT assets that would otherwise give rise to a taxable capital gain through the necessary efforts to comply with the new transfer balance cap and new conditions to be applied to transition to retirement income streams (TRIS).
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SMSFs and the in-house asset rules explained - Tax Accountants Melbourne
A not-uncommon conundrum for many SMSF trustees is what to do when the fund is found to have breached the in-house asset rules. There are also some common misconceptions about these regulations that keep resurfacing.
Child death benefit recipients and the transfer cap - Tax Accountants Mackay
The death of a parent is hard on all those involved, however once the grieving has eased, a time comes to address financial matters.One of these issues can be what happens to any superannuation they have left.
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When valuations of property are important for tax - Tax Accountants Liverpool
There are times when getting a valuation becomes necessary, especially to estimate the cost of transactions that are not arm’s-length or when no actual cash changes hands.
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