News Articles

June 2019

17
Jun

Your Guide to End of Year Planning

It’s that time of year again and for many, the end of the financial year can feel busy and frantic with so many things to complete before 30 June. To help, we have put together a checklist of the key items to complete and tax planning opportunities to consider before...

17
Jun

Medical Practitioners – Getting the Structure Right!

Having dealt with a wide range of medical specialists over the years, we have seen many structures established by sole practitioners, a group of doctors and medical practices.

17
Jun

Rental Deductions a ‘Top Priority’ says ATO as it doubles audits

The Australian Tax Office (ATO) has warned rental property owners to “ensure their claims are correct this tax time” as it will double the number of audits scrutinising rental deductions. From July 2017, for most taxpayers, travel expenses relating to inspecting, maintaining or collecting rent for a residential investment property...

17
Jun

Adopting the New Leasing Standard? Have you considered the tax implications?

The new accounting standard AASB 16 Leases makes significant changes to how operating leases are accounted for, with most operating leases being brought virtually in line with finance leases, with all lessees required to show a lease liability and a corresponding right-of-use asset.