Saving tax using the First home super saver scheme (FHSSS)
Do you want to buy your first home and save on tax at the same time? If yes, then you need to keep reading about the First Home Super Saver Scheme (FHSSS)…
Read moreTax Deductions
Driving deductions: Vehicle logbook options
The pen may be mightier than the sword – but can it beat the smartphone? When it comes to keeping track of vehicle mileage, we think not. When do you need to use a logbook?
Read moreFederal Budget 2017: What it means for you?
On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness,…
Read moreTax Implications of resource sharing services e.g. Uber & Airbnb
The sharing economy is booming thanks to the far-reaching capability of the internet and the growing use of smart phones. While it might have started as a good way to get a…
Read moreProposed Superannuation Changes in latest Federal Budget
Yesterday the Federal Government handed down the budget for the 2016-17 year that includes some of the biggest changes to the superannuation system since 1 July 2007. The budget announcements are still…
Read moreTax Deductible Items for SMSF
At this time of year many individual taxpayers are looking around for what they can claim as a tax deduction, often Superannuation comes to mind. However a SMSF is a taxpayer in its own right, so what can be claimed as a tax deduction?
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