Landlords Beware: Key issues for property investors

Are you relying on negative gearing? There has been a lot of negative conversation about negative gearing lately.  But, if you are currently negative gearing your investment property, should you be concerned? Negative gearing is when you claim more in deductions than you earn for an income producing asset that you have purchased using debt.  It is not limited to property, you can for example negatively gear shares, but property … Read more

Time limits for family assistance payments

Clients who have claimed or want to claim family assistance payments for the 2014 financial year must lodge their 2014 Income tax return or advise Centrelink they do not need to lodge by 30 June 2015.  

ATO – Mobile phone scams

Mobile phone scams differ in appearance and level of sophistication but will generally claim that you are eligible for a refund and instruct you to click on a link to submit a form to receive it. Generally, they link to a bogus ATO website asking for personal information (including your mobile phone number) and credit card details. By clicking the link or filling in the details you will potentially expose … Read more

Why using the 20k Budget tax deduction might be the wrong decision

So, your business has a turnover under $2 million and you want to know how to use the $20,000 immediate tax deduction that’s been all over the news? Before you start spending, there are a few things you need to know. Does your business make a profit? Deductions are only useful to offset against tax.  If your business makes a loss then a tax deduction is of limited benefit because … Read more

Budget 2015: who is in the firing line?

If you are a high income earner, earn income from overseas, or have a large asset base, then, if the rumours have any truth to them, you’re in the firing line in the 2015/2016 Federal Budget. The Australian economy is coming off its resources boom ‘sugar hit’ and as Reserve Bank Governor Glenn Stevens said recently, “the government has little choice but to accept the slower path of deficit reduction … Read more

Should you give your employees shares in your company?

There is a lot being written about employee share schemes (ESS) right now.  And rightly so. Reforms before Parliament will make these schemes more attractive with a common sense approach to how they are taxed and special incentives for start up companies to share the rewards of growth with the people who help create that growth. As the reforms apply to shares and options issued from 1 July 2015, it’s … Read more

Eligibility for family assistance lump sum payments

If you want to claim Centrelink family payments for the 2014 financial year, you must lodge your claim and your tax return by 30 June 2015 to be eligible and receive your full entitlements. This deadline applies to clients who intend to lodge a lump sum claim for: • Family Tax Benefit • Child Care Benefit • Single Income Family Supplement (SIFS). If you do not need to lodge an … Read more

Gearing in Property Investment

USING GEARING TO YOUR ADVANTAGE IN PROPERTY INVESTMENT For most people, the purchase of an investment property will involve some gearing. Gearing refers to the finance of the investment where part or all of the purchase is funded by borrowing money. As a strategy this can significantly increase the returns you can make from the investment – but it will also magnify your potential losses. Before you embark on any … Read more

Creative Real Estate Marketing:

Looking for a Property Investment with a guaranteed return where all the work is done for you. Great property, great location, finance approved, tax savings for you, everything is looked after for you. You can even use a self managed super fund and you won’t need any of your own money. Sound too good to be true? Well it probably is. We have seen a lot of our clients being … Read more

Company Reporting Season:

For all of you with an interest in the sharemarket, you will know that Company reporting season coming up. Annual Reports and meetings always give us a good insight into the management of the companies we own shares in. CPA Australia have released a really good guide to help you understand Company reports. You can access it by clicking HERE