by Val Tse | May 17, 2017 | Uncategorised
If a business racks up an interest bill from borrowing funds to pay for the expenses of running the business, or to acquire other income-producing assets or investments, this expense is generally allowed as a tax deduction for the relevant year. For business taxpayers...
by Val Tse | May 17, 2017 | Uncategorised
A recent court decision, and subsequent appeal, has ramifications for taxpayers with disabilities, and who are in need of a personal carer. The decision centres around what is or is not acceptable as a tax deduction in relation to the costs that arise with regard to...
by Val Tse | May 17, 2017 | Uncategorised
The concept of a “going concern” exemption for the purposes of the goods and services tax (GST) can still cause confusion when businesses are sold. The sale of a business may be GST exempt if the enterprise is deemed to be a “going concern” — which refers to an...
by Val Tse | May 17, 2017 | Uncategorised
Given the state of the property market in Australia these days, a not-uncommon situation can arise where a residential property owner seeks to demolish and subdivide the block containing the family home and build residential units. If you have the available land of...
by Val Tse | Apr 2, 2017 | Uncategorised
The ATO is changing pay as you go withholding cycles for some clients by Valentine Tse | 2 April 2017 From 1 July 2017, the ATO is changing some of our clients’ pay as you go (PAYG) withholding cycles. This cycle change is based on the amount the client withheld under...
