by Peter McCarthy | Mar 6, 2019 | Accounting
If you rent out part or all of your home, the rent money you receive is generally regarded as assessable income. This means: you must declare your rental income in your income tax return, and you can claim deductions for the associated expenses you may not be entitled...
by Peter McCarthy | Feb 15, 2019 | Accounting, Taxation
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super. Background Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an employer,...
by Peter McCarthy | Feb 10, 2019 | Accounting
A key topic regarding tax deductions is claiming expenses for a car. The following notes outline the most important points when it comes to claiming a deduction for motor vehicle expenses. Of course, every person’s circumstances may be different, but the following...
by Peter McCarthy | Jan 30, 2019 | Accounting
It is warning time as The Australian Taxation Office (ATO) is closing in fast on everyone who doesn’t properly declare their income and pay the correct amount of tax. As your Tax Accountants, we want to help you be aware of what the ATO is doing and how you can...
by Peter McCarthy | Jan 6, 2019 | Accounting
Behind Apple’s recent troubling news of weak iPhone sales lies a bigger issue. Perhaps the tech industry has hit “Peak Smartphone”, at which everyone who can afford a smartphone already owns one and no breakthroughs are compelling them to upgrade as...
by Peter McCarthy | Dec 31, 2018 | Accounting, Staff
As 2018 comes to a close in only a few hours I want to wish you a safe and happy New Year and take this opportunity to wrap up our 2018. It has been another amazing year for Precision. In fact, it has been the best yet. 2018 has been my fifth year in business and just...
