Sep 04
Spring 2017 Newsletter
Posted by Peter Marmara-Stewart at Monday, September 04, 2017
Heading into Spring...
.... we all hope the long flu season will be left behind us as we launch into an exciting season of footy finals!
Our newsletters aim to keep you informed about a wide range of areas that impact you. In this edition you will find articles on tips for tax time, changes to property expense deductibility, and whether the Great Australian Dream of owning real estate is still affordable, improving reporting and client communications with changes to the SMSF transfer balance cap, the ATO raising the possibility simplifying the CGT system, and conquering the fear of failure.
Tax Time Deductions for Small Business - Whilst you cannot claim private expenses, as a small business owner, you can claim a deduction for most costs you incur in running your business, for example staff wages, marketing, and business finance costs. (See more...)
Huge Win for Small Business - The government's move to legislate significant amendments to competition laws in a bid to deter anti-competitive conduct has been called a huge win, for small businesses in particular. (See more...)
Changes to Property Expense Deductibility One Step Closer - In early July, the Turnbull government released draft legislation and explanatory material for the housing affordability and tax integrity measures announced in the 2017-18 Budget, with submissions to the draft legislation closing on 10 August 2017. (See more...)
Is the Great Australian Dream Falling From Our Grasp? - Recent research has shown many young families are now either renting or living with their parents, with, according to The Australian, "soaring house prices robbing couples under the age of 40 the Australian dream…". (See more...)
Will Government Intervention Improve Housing Affordability? - Trilogy Funds’ Executive Chairman, Rodger Bacon, points out that there are several notable points about the current property boom, but one important fact is often ignored. (See more...)
ATO Considers Simplifying ‘Confusing’ CGT System - As recently reported in the Accountants Daily, the ATO has floated the idea of a simpler approach to elements of capital gains tax (CGT) in an effort to minimise what is currently a huge amount of ‘unnecessary and confusing clutter’. (See more...)
Improving Reporting and Communication with your Accountant - As recently reported in the Accountants Daily, according to the ATO, a looming new reporting requirement for wealthy clients will see a spike in how often accountants, tax agents and their clients need to interact. (See more...)
5 Effective Tips to Overcome the Fear of Failure - Starting a business isn’t easy. There are so many things to do, research, test and explore before you can take the plunge. When you add the fear of failure to the mix, it’s no surprise that many aspiring small business owners never get their businesses off the ground. (See more...)
The advice in this newsletter is of course generic, rather than personal advice, and we encourage you to call our office to discuss any article or any matter relating to your personal circumstances. As an example, if you would like to arrange a review of any of your finance needs, I can introduce you to assistance with home loans, investment loans, construction loans, tax debt finance, car loans or any business equipment finance.
.... we all hope the long flu season will be left behind us as we launch into an exciting season of footy finals!
Our newsletters aim to keep you informed about a wide range of areas that impact you. In this edition you will find articles on tips for tax time, changes to property expense deductibility, and whether the Great Australian Dream of owning real estate is still affordable, improving reporting and client communications with changes to the SMSF transfer balance cap, the ATO raising the possibility simplifying the CGT system, and conquering the fear of failure.
Tax Time Deductions for Small Business - Whilst you cannot claim private expenses, as a small business owner, you can claim a deduction for most costs you incur in running your business, for example staff wages, marketing, and business finance costs. (See more...)
Huge Win for Small Business - The government's move to legislate significant amendments to competition laws in a bid to deter anti-competitive conduct has been called a huge win, for small businesses in particular. (See more...)
Changes to Property Expense Deductibility One Step Closer - In early July, the Turnbull government released draft legislation and explanatory material for the housing affordability and tax integrity measures announced in the 2017-18 Budget, with submissions to the draft legislation closing on 10 August 2017. (See more...)
Is the Great Australian Dream Falling From Our Grasp? - Recent research has shown many young families are now either renting or living with their parents, with, according to The Australian, "soaring house prices robbing couples under the age of 40 the Australian dream…". (See more...)
Will Government Intervention Improve Housing Affordability? - Trilogy Funds’ Executive Chairman, Rodger Bacon, points out that there are several notable points about the current property boom, but one important fact is often ignored. (See more...)
ATO Considers Simplifying ‘Confusing’ CGT System - As recently reported in the Accountants Daily, the ATO has floated the idea of a simpler approach to elements of capital gains tax (CGT) in an effort to minimise what is currently a huge amount of ‘unnecessary and confusing clutter’. (See more...)
Improving Reporting and Communication with your Accountant - As recently reported in the Accountants Daily, according to the ATO, a looming new reporting requirement for wealthy clients will see a spike in how often accountants, tax agents and their clients need to interact. (See more...)
5 Effective Tips to Overcome the Fear of Failure - Starting a business isn’t easy. There are so many things to do, research, test and explore before you can take the plunge. When you add the fear of failure to the mix, it’s no surprise that many aspiring small business owners never get their businesses off the ground. (See more...)
The advice in this newsletter is of course generic, rather than personal advice, and we encourage you to call our office to discuss any article or any matter relating to your personal circumstances. As an example, if you would like to arrange a review of any of your finance needs, I can introduce you to assistance with home loans, investment loans, construction loans, tax debt finance, car loans or any business equipment finance.