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The Fringe Benefits Tax

The Fringe Benefits Tax (FBT) year runs from 1 April 2016 to 31 March 2017. Another tax planning strategy for business owners, is to determine if they have an FBT exposure and if so start to collect the relevant information in order to complete an FBT return for the year. What is it? FBT is […]

last chance for big super contributions

last chance for big super contributions   This is your last chance for super contributions before 30th June 2017, because of vastly reduced allowed amount that you can put into your superannuation. Thus, decision is vital before 30th June, so that you can maximise the amount of your super. This is possible by using two […]

Why use a Bucket company?

Why use a Bucket company? A bucket company allows you to “cap” the tax on profits distributed to or by trust at lower tax rate of 30%, whereas individual tax rate is 49%.Thus , It can save you a lot in tax. This  is basically an asset holding company that dose not involve in any […]

 “How to make Trust Distribution Resolutions”

How to make Trust Distribution Resolutions? An important thing is to make resolution before 30th June, if you have a family or a discretionary trust, so that, Tax department does not require you to pay the tax at 49% of trust profits. Your accountants know, who are the beneficiaries of the trust, how much they […]

The secrets to Tax Planning

The secrets to Tax Planning Tax planning is a secret to reduce your tax burden. You can reduce your tax in these ways:  By reducing your income.  Second way is to increase your tax deductions. As the income from the investment of the superannuation is taxed at a flat rate at 15% and  capital gains […]

Why use a SMSF?

Why use a SMSF? SMSF stands for self managed super fund that would provide you the control of your superannuation. It can create a family ‘vault’ for you to make all investment choices and potentially pay zero tax. You make all the investment choices – including shares, managed funds, property, and cash. It provides you maximum […]

Why do Tax Planning?

Imagine what you could do with your tax saved! start a new business reduce your mortgage bump up your super book a holiday save a deposit for your home or investment property pay for extra tutoring for your children upgrade your car All business owners must consider 5 KEY THINGS right now. Some of them […]

5 Tips for using your Accountant’s Service to its Maximum Potential

Choosing the RIGHT Accountant will play  a vital role in your business’s success.  A Success Accountant will take your business to the next level, using cloud technology to help you understand how to  improve your business efficiency, provide deeper insight to your numbers and increase the profitability of your business! If you are not offered […]

Travel between home and work and between workplaces

If you are self- employed, a business owner or an employee use this guide to know when you can claim travel between home and work and between workplaces. As a general rule, travel expenses are deductible when they are incurred for business or work-related purposes. These rules apply whether you travel by train, bus, taxi […]

Claiming home office expenses in your 2016 tax return

Many aren’t aware that they can claim home office expenses.  Whether your self-employed, a business owner or an employee – do you perform some of your work from home? If you do, here is a quick summary of the tax rules, and what home office expenses are allowed. Even if the room in your home […]

Put Extra Cash in your Pocket Every Fortnight

Did you obtain a large refund last financial year? What would you do if you can have them in advance? End of financial year is always an exciting time for many of the investors. This is because they are able to claim the losses from repairs and maintenance, depreciation expenses, interests, agent fees, water rates, […]

Last Minute 2016 EOY Tax Minimisation Tips

Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. We have outlined these action points below to assist you. Date Action Required BEFORE 30 June 2016 […]

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