2015 Odometer Readings & FBT Changes Ahead

Check that Odometer

With the end of the Fringe Benefits Tax (FBT) year rapidly approaching, the time is coming up to check the odometer readings for all vehicles held within associated entities. This odometer reading must be documented for each vehicle, as at Tuesday 31 March 2015
2015 Odometer Readings & FBT Changes Ahead

Rental Properties

The ATO are increasing their focus on rental property deductions, they have noted that common errors are: 1. Claiming deductions when the property is not available for rent, only available for rent for part of the year or only part of the property is available for...
2015 Odometer Readings & FBT Changes Ahead

Property & GST

Correctly reporting property transactions Lauren Bromley  For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you will need to report your GST obligations. ...
2015 Odometer Readings & FBT Changes Ahead

Other Updates

Please be aware that: 1) Your tax planning for the 30 June 2014 financial year should be well on its way, if not finished already. If it hasn’t been please contact your principal or manager asap. 2) If you have a trust within your group structure, your pre 30 June...
2015 Odometer Readings & FBT Changes Ahead

A New Deficit Tax

The media commentators are hinting at a new tax on taxpayers presumably from 1 July 2014. The tax will be very similar to the flood levy that all taxpayers helped re build Queensland after their floods a few years ago under the Julia Gillard Labour government. The way...