Low Cost Asset Write Off The $20,000 immediate deduction threshold for assets purchased by businesses with an aggregated turnover of under $10 million ends 30 June 2018. If you are a small business, and eligible to access this deduction, it’s your last chance. So if you NEED plant and equipment there is a argument to… Read More Last Chance for the 20K Deduction
Remember to check out the newsletter page on my website for our regular tax updates. This month includes the tax aspects of Bitcoins – yes contrary to popular belief there are tax ramifications! – and how renting part of your home, through for example AirBNB, will potentially cost you in capital gains on the eventual… Read More Bitcoins & Tax
Will the new Downsizing Super Contribution help ?… Read More Downsize your Parents
To try to avoid having to live on baked beans in retirement, we need to ensure that you are putting a fair amount of your current earnings away. 20% of your gross income every year for your working life is the (slightly scary) rule of thumb. This is generally done by a combination of 9.5%… Read More Catch Up Concessionals NEW
disciplined regular investing works – every time.… Read More Why Everyone Needs Help Investing
disciplined regular investing works – every time.… Read More Your No.1 Problem When Investing
Most people are bored by super. They don’t tend to it or cherish it. Often they don’t know where their super is, and bizarrely the majority have no idea what it is invested in. However, if you could increase your eventual super balance by tens of thousands of dollars by spending just 2 minutes on… Read More 2 Minutes to Crank up Your Super
There are a few changes to super contributions that start this tax year. The first I will look at here is the change to concessional contributions Whatever your super balance, as long as you are under age 65 (or if between 65 and 75 you pass the work test), you can contribute the full amount… Read More New Super Top-up Options
Making super simple – 2 ways to contribute… Read More 2 ways to increase your super
Are you living overseas and still have a HECS or HELP debt? Or are your kids overseas with such debts? New rules in 2017 require all non-residents with HELP or HECS debts to let the ATO know, via their mygov account, if they have moved overseas or intend to be away for 183 days in any 12… Read More HELP debt when Overseas
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