Tax

Preparing For Your Rental Property’s Tax Deductions

Property is a solid investment opportunity for those looking to increase their financial security. If you are a landlord, you may be looking for ways to reduce your tax liability this year. This may assist you in turning your property’s cash flow from a negative into a positive.

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Preparing For Your Rental Property’s Tax Deductions
( Posted in: Property )

2022 End Of Financial Year Checklist

Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do that, you need to know where to start. Here are some of our top tips for businesses and individuals when it comes to year-end tax planning.

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 2022 End Of Financial Year Checklist
( Posted in: Tax )

Last Chance To Apply As COVID-19 Tax Deduction Deadlines Approach

Tax deductions introduced by the Australian Taxation Office to lessen the impact of COVID-19 are approaching the end of their eligible timeframe.  To ensure that you or your business do not miss out, here are some of the deductions you could claim at the end of this financial year (if eligible).

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 Last Chance To Apply As COVID-19 Tax Deduction Deadlines Approach
( Posted in: Tax )

Are your donation claims tax-deductible?

The ATO have advised to check your paperwork before claiming deductible contributions.

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 Are your donation claims tax-deductible?
( Posted in: Tax )

Temporary Full Expensing | Small Business Asset Write-Offs

Let’s talk about Temporary Full Expensing (TFE). What is TFE? What assets can I write-off? What date do you need to apply by? Pat answers all of these questions in this informative short video.

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Temporary Full Expensing | Small Business Asset Write-Offs
( Posted in: Tax )

Immediate Deductions Extended

Legislation passed by Parliament last month extends the Temporary Full Expensing rules to cover assets that are first used or installed ready for use by 30 June 2023.

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Immediate Deductions Extended
( Posted in: Tax )

What is a Director Identification Number? | Why do I Need a DIN?

Pat Mannix talks about Director Identification Numbers (DIN). What is a DIN? Why do the directors of Australian companies need one? What date do you need to apply by? Pat answers all of these questions in this informative short video.

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What is a Director Identification Number? | Why do I Need a DIN?
( Posted in: Tax )

Kids Over 18 in a Family Trust | Distributions

Pat Mannix talks about the distribution and tax changes that occur within a Family Trust once a child is over 18 years old. Check out this informative short video.

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Kids Over 18 in a Family Trust | Distributions
( Posted in: Tax )