Jun 3, 2022 | Superannuation, Taxation
Although your tax return is not due just yet, the end of the financial year is nearing…have you captured all your work-related deductible expenses to make the most of your 2022 tax return? Income The Australian Taxation Office (ATO) automatically receives information...
May 30, 2022 | Small Business, Taxation
Common Tax Deductions for Small Business Are you claiming all the business tax deductions that you are entitled to? There are many expenses common to most small business, and there are other expenses that are specific to the nature of the goods or services that your...
Apr 8, 2022 | COVID-19, Employers, Federal Budget 2022, Self Managed Super Funds, Single Touch Payroll, Small Business, Superannuation, Taxation
The Morrison Government’s 2022 Federal Budget was handed down on 29 March 2022 by Treasurer, Josh Freydenberg. Unemployment is down at its lowest in almost 50 years however inflation is on the rise due to factors such as the Pandemic and the war on the Ukraine,...
Dec 3, 2021 | Capital Gains Tax, COVID-19, Taxation
QUESTION Since March 2020 and during the COVID-19 pandemic, a client spent 16 months living in a home he owns in rural Victoria in order to attend to business interests he has there. During this time, his wife continued to live in their Melbourne home (where they...
Oct 22, 2021 | Investment Property, Superannuation, Taxation
One of TSP’s long term clients, aged 65 and retired, came to TSP for some advice relating to the sale of an investment property. The property had been owned for over 10 years with capital gains tax required upon its sale. TSP immediately conducted several...
