Tax Strategies

A home-based business will be entitled to deduct a portion of their home occupancy costs, including home mortgage interest, 2.5% building write-off, rates, rent, insurance, and maintenance.

Personal services income (PSI) is income produced mainly from an individual’s skills or efforts. It’s income that has the characteristics of employment income.

The cost of providing holiday working spaces will be tax deductible when provided for business purposes, not a straight-out holiday for the employer.

These 10 tax strategies apply to rental property investors & produce the biggest tax savings (on average).

For Australian residents who wish to conduct a trading or investing business overseas, this strategy involves incorporating a company overseas.

These 10 tax strategies apply to the majority of businesses & produce the biggest tax savings (on average).

The ATO deems smartphones to be portable electronic devices and as such they are deemed an exempt fringe benefit when used primarily for the employee's employment.

To avoid paying tax on any increases in the value of Bitcoin, it should only be purchased to acquire goods or services for private use.

The luxury car tax (LCT) is a tax on cars with a GST inclusive value above the LCT threshold ($66,331 as at 2018/19). 

From 1st January 2018, a 60% CGT discount applies for Australian resident individual's investing in qualifying affordable housing.