by Davie Mach | Dec 21, 2020 | Contractor Handbook, Tax Planning
If you’re an employee who works from home, you may be able to claim a deduction for your working from home expenses. 2020 brought about many changes due to the worldwide coronavirus pandemic. One of the most predominant changes was seen in the work industry –...
by Davie Mach | Nov 1, 2020 | Contractor Handbook, Business Structure, Tax Planning
Following the Review of Business Taxation report in 1999, various recommendations were made due to growing concerns that individuals were sidestepping the tax implications of personal services income through the use of interjectory companies. contract As a result,...
by Davie Mach | Feb 21, 2020 | Small Business Handbook, Accounting, Accounting, Contractor Handbook, Tax Planning, Tax Planning
So, you may have recently switched accountants, or you may have just started a new business venture. Perhaps you’ve just figured that you should start taking advantage of the fact that you have an accountant and you need to get your business affairs in order....
by Davie Mach | Oct 8, 2019 | Small Business Handbook, Contractor Handbook, Tax Planning, Tax Planning
If you own property and use it as your main residence then generally you are eligible for the main residence CGT exemption when you sell the property. What is CGT? CGT is an acronym for Capital Gains Tax which refers to a form of tax that is applied at the time an...
by Davie Mach | Sep 29, 2019 | Tax Planning, Contractor Handbook, Small Business Handbook, Tax Planning
What types of investment property tax apply? There are two types of investment property tax that apply to investment properties that owners should be aware of. These two include capital gains tax (CGT) and income tax concerning your rental property. In this article,...
by Davie Mach | Aug 17, 2019 | Contractor Handbook, Tax Planning
Tax Payments Annual Report, otherwise known as TPAR, is a specific report that must be lodged by businesses to the Australian Taxation Office (ATO) detailing payments your business has made to contractors in particular industries. This includes submitting information...
