Posted on 10/18/2018 1:08 PM By Roydon
Taxpayers can contribute up to $15,000 per year in voluntary contributions that can be withdrawn for a first home deposit.
Posted on 2/8/2018 4:32 PM By Roydon
This strategy involves employee’s salary sacrificing $1,000 of wages income (which is taxable) for $1,000 of employer provided goods or services (which is tax free).
Posted on 11/16/2017 2:08 PM By Roydon
An associate lease is an agreement where an associate of the employee (typically spouse or partner), leases an existing or replacement car to the employee’s employer.
Posted on 11/2/2017 1:32 PM By Roydon
The tax incentives for Early Stage Venture Capital Limited Partnerships (ESVCLP) apply with a 10% non-refundable tax offset on capital invested during the year.
Posted on 7/13/2017 1:55 PM By Roydon
Investment Loss (TNIL) is an individual's taxable losses from rental and share investments. The TNIL is added back to an individual's taxable income to calculate the tax related concessions.
Posted on 7/6/2017 2:06 PM By Roydon
This strategy involves ‘double dipping’ as the employees business depreciation claim is unaffected by their employer reimbursing them for the cost of the asset.
Posted on 6/29/2017 1:23 PM By Roydon
The cost of providing in-house recreation facilities to employees is deductible if it is located on the employer’s premises.
Posted on 6/21/2017 5:42 PM By Roydon
Small businesses can claim a tax deduction for depreciable assets they purchase for their business provided they cost less than $20,000 each.
Posted on 5/24/2017 3:50 PM By Roydon
With this strategy an employee can generate annual tax savings of $2,500 - $3,000 pa by salary packaging their private motor vehicle with their employer.
Posted on 5/18/2017 10:38 AM By Roydon
The purchase of an antique, veteran or vintage car for use in a business will provide the normal depreciation and operating deductions.
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