News

Firm News, Blog and Tax Updates

It's Landed! The Brand new Tax and Accounting App

Sandeep Singh August 09, 2017

As a firm we are constantly looking for ways we can improve the service we offer our customers and we are proud to announce the launch of our brand new tax and accounting App.It’s completely free of charge and it’s available for iPhones, iPads and Android devices.

Read More

The Tax Commissioner’s hit list

Sandeep Singh August 07, 2017

Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public outing is the gap between the amount of tax the ATO collects and the amount they think should be collected – a gap of well over 6%

Read More

Main residence exemption removed for non-residents

Sandeep Singh August 01, 2017

The Federal Budget announced that non-residents will no longer be able to access the main residence exemption for Capital Gains Tax (CGT) purposes from 9 May 2017 (Budget night). Now that the draft legislation has been released, more details are available about how this exclusion will work.

Read More

What everyone selling a property valued at $750k or more needs to know

Sandeep Singh August 01, 2017

Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax. From 1 July 2017, every individual selling a property with a sale value of $750,000 or more is affected.

Read More

Super concessions for first home savers and downsizers

Sandeep Singh August 01, 2017

Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so. Late last month the detail of the housing initiatives announced in the Federal Budget were released for consultation. We explore what’s on offer and the implications.

Read More

Why Succession Planning Matters

Sandeep Singh June 30, 2017

According to the SME business research report, over 70% of small, and especially family-owned businesses in Australia are likely to experience a change in ownership in the next five years. Change, however, is an integral part of running a business and through effective succession planning, you can ensure that you have a potential successor for every role in your organisation.

Read More

How to buy a good franchise in Australia

Sandeep Singh June 13, 2017

Purchasing a franchise essentially grants you the rights to run a business that already has the established marketing strategy, operating procedures and, of course, a well-known name. When you buy a franchise, you receive support and guidance from the very start but it’s important to understand what you’re signing up for.

Read More

Key tax issues for investment property owners: pre and post 30 June

Sandeep Singh May 31, 2017

Anyone with investment property in Australia is probably feeling a little edgy with all the recent media attention on deductions, affordable housing, and negative gearing.  We take a look at some of the key tax issues for investors pre and post 30 June:

Read More

Super Reform: What SMSFs absolutely need to consider before 30 June

Sandeep Singh May 31, 2017

The wide-ranging superannuation reforms come into effect on 1 July 2017. With the changes come a series of issues that Trustees need to be across, even if they don’t immediately affect you or your fund: 

Read More

Tax planning strategies 2017

Sandeep Singh May 02, 2017

This month, why 90,000 more businesses can access the $20k instant asset write-off this year, why the ATO is on the warpath over work-related travel claims and a little financial year end housekeeping.

Read More