“The cloud” is a phrase that means something very different these days, due to the increasing use of cloud computing. But what exactly is cloud computing? And is it a good option for small businesses? In this, Part 1, of our two part series we will look at the 5 main reasons to move your […]
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Are you buying or selling new residential property or land? Make sure you are aware of the new GST requirements to avoid unintended consequences. Currently some developers are making taxable sales of residential property & land and are failing to pay the GST collected from purchasers to the tax office. From 1 July 2018, purchasers […]
Self-managed super funds (SMSFs) have new reporting obligations from 1 July 2018 due to the new transfer balance cap measure and the event-based reporting framework. The transfer balance account report (TBAR) is a separate form to be lodged with the Australian Taxation Office, and is used to record and track an individual’s transfer balance cap. […]
In this our 30th year, and with our focus firmly on the future we are delighted to announce two appointments to our Director team that will help shape the future of DLA in the long term: Mr Simon Crease Associate Director Mr Neill Reilly Associate Director Simon and Neill are both well respected […]
If you are currently paying business expenses on your personal credit card and collecting points then read on…….. There is a commonly held misconception that there are no tax implications for frequent flyer points [points]. This belief stems from twenty year old case law where the court determined that the points were earned from a […]
Those team rewards and benefits could cost you more than you think…… Everyone loves a freebie or some type of work perk and they are a great way to reward the team for a job well done, however it is important to remember that some perks are subject to Fringe Benefits Tax. The ATO defines […]
In this our 30th year we want to say thank you, to our valued clients, the core purpose of our business our supplier partners who help us keep the lights on our team, without who we wouldn’t be the business we are today Our special congratulations are extended to our founder David Leddy, for this […]
The write-off threshold of $20,000 has been extended to 30 June 2018. If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your tax return – BUT HURRY, as this will reduce to $1,000 from 1 July 2018. You are eligible to use simplified depreciation rules […]
You need to know that the deductibility changed from 1 July 2017. From 1 July 2017, travel expenses relating to inspecting, maintaining, collecting rent, or attending management meetings for a residential rental property cannot be claimed as deductions by investors. The changes are now law. Excluded travel expenses include air fares, motor vehicle, hire car, […]