Our Financial Blog
Most Accountants charge for this advice – but we provide it free in our blogs.
Is Your House Flipping Going To Turn Into A Tax Nightmare?
Some are sitting ducks - target practice.. The ATO likes to zero in on some segments sometimes. When they do they are lethal. They are not staffed enough to watch everyone. So, the generic stuff is a bit of a crap shoot. But they can seek and destroy...
5 Ways To Nail Land Tax
Land Tax is going to hurt unless.. Land tax has people screaming murder. For good reason too. It’s pricey. A kick in the guts can’t feel good, right? Painful if not done right. Even you are all SMSF'ed up, with more tax planning than Packer? You never know....
Tax Things To Know When Selling A Business.
Tax things to know when selling a business. This is a very confusing and stressful time for both buyers and sellers of a business. No two buts about it. Add tax complications and you’ll think you are in a Zombie movie, with sleepless buyers and sellers...
Accountant Tax Advice On Cars And Deductions
Tax deductions and general advice on cars Batman once said, “Chicks dig the car”. For some reason, the ATO doesn’t though. But people are always trying to get something for their cars, in terms of deductions. Well, every year the ATO gives less and less....
Director’s loans, are you killing your business with them?
Exploring Director's Loans The funny thing about director’s loans? Most times business owners don’t even know they are creating one. Many of those are simply the owner forgetting about tax and super obligations and so on. As a result, they raid the...
How Is Dividend Taxed In Australia?
How is dividend taxed in Australia? Many business owners are very confused about Division 7A. I mean, yes, it is evil. And ends up with unpleasant surprises. Forget that yacht. Buy this donut instead. Because you are left with pocket change once Div 7A...
Is it worth claiming a tax deduction on super contributions?
Is it worth claiming a tax deduction on super contributions? Is superannuation really the last refuge of tax-loop-holism? Well, allow a tax-loop-hologist to guide you through some of it. I could write a book on super and tax deductions, but a) it has been done...
Prepaid Expenses – Accounting and Tax
Taxation keeping business owners awake Prepaid expenses & how it works. The topic of prepaid expenses is one that offers a kaleidoscope of complications. It can more confusing than a crypto-head trying to explain blockchain to .. well, to...
Business Tax Deductions
Taxation keeping business owners awake All business owners look forward to this – you have guessed it.. coffee with their taxation guy, of course. This is also part of the reason why many of you walk around looking like pandas. Dark circles around...
The SMSF and Asset Protection
The ATO's concern The ATO has a few concerns in this area – and it is important to be equally concerned – if these guys are getting their nose out of joint for something. Me and advising on SMSF's? I am not sure I can even advise on much of this....
Additional REsources
A Few Other Resources We’ve Created for Our Customers
How To Use Family And Discretionary Trusts
*Discretionary and Family Trusts are used by many people and businesses in Australia. Here's a post that may give you an idea what they are doing. But, everyone should get a good accountant to look at why first, before doing anything.* Uses of...
Where Are Discretionary Trusts Headed & Their History
*Discretionary and Family Trusts are an area of fascination. Here's a post that may give you an idea where it's all headed. History is the best predictor of the future - usually* Historical Background of Discretionary &...
The Main Features Of A Family Trust
*Please be careful. Do not assume you know enough about Family trusts/Discretionary trusts after you have read this. You still need to talk to an accountant, whether with property or not, before doing anything.* Key Features of Family Trusts in...
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