by Peter McCarthy | May 10, 2019 | Taxation
There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We’re not trying to recommend whom you should vote for, but instead, we believe that it is vital that our clients understand how...
by Peter McCarthy | May 5, 2019 | Taxation
Who doesn’t love a good statistic? It’s even better when they are taxation statistics. Each year the Australian Tax Office publishes an annual report on taxation statistics that provide valuable information about the financial state of our country. The...
by Peter McCarthy | May 2, 2019 | Taxation
The budget’s boost to instant asset write-off is now law Federal Budget night announced an increase in the instant asset threshold, and also an extension of which businesses could access the measure. Now the Treasury Laws Amendment (Increasing and Extending the...
by Peter McCarthy | Apr 20, 2019 | Taxation
Treasurer Josh Frydenberg’s first budget has lots of goodies with few “baddies”. This was to be expected with the next federal election only weeks away and the Coalition Government trying to make up ground in the polls. The Treasurer’s “wow” factor was a return to a...
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 | Jul 26, 2017 | Taxation
With Tax Time now here, did you know that you can deduct the cost of travel to see your accountant? This is good news! A recently released tax determination spells out the circumstances where a taxpayer can make a claim for the costs of travel they incur where the...
