Rental property owners are now one of the ATO’s top targets after it found nine out of ten tax returns reporting rental income and deductions contained at least one error.i The tax office estimates it’s missing out on around $1.5 billion due to over-claiming…
‘Never let a good crisis go to waste’- Winston Churchill The past few years have ushered in changes to the way we live, work, and conduct business - at a pace previously unheard of. What has been termed the ‘new…
A good estate plan will help make sure your wishes are carried out when you die. It can also help if you become unable to make your own decisions. Estate plans An estate plan records what you want done with…
Death and taxes are never pleasant topics to think about, but a little careful consideration now could save the people who will inherit your superannuation savings a big tax bill. Many people assume there’s no tax payable on super death…
Family trusts have come under close scrutiny from government and the Tax Office over the years, but they are still a popular wealth management tool for Australian families. While trusts are set up for a range of reasons, it’s important…
Tax should never be central to any investment decision you make but it still has an important role to play. What that means is your investments should be tax effective rather than tax driven. Depending on your personal financial circumstances,…
When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case it's not just location, location, location. When considering a property for investment purposes, the most important…
With Australian property remaining expensive and banks tightening their lending criteria, investors need to ensure their property investments are a financial success. A key element is maximising the taxation benefits flowing from your investment. This includes correctly structuring the loan…
Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead. According to Treasury, more than 1.9 million people earned rental income in 2012-13 and of those about 1.3 million reported a net…
