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Individual

Top 5 tips for new investors

As you start your property investing journey, you will find different opinions in every corner and an overwhelming amount of information. The secret to getting on the front foot is keeping it simple. Here are the top five tips for new investors. Determine your investment strategy It’s important...

Who gets your Super?

Who decides what happens to your superannuation savings when you die? You may think that you do, but that isn’t always the case. The ultimate decision may be made by someone you don’t even know – the trustee of your superannuation fund. Let’s look at how...

Get your depreciation questions answered

The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, here are some of the most common questions in this area of taxation. 1. What is depreciation and how does it work? It’s the natural wear and tear of...

Changes to casual employment

Do you have a casual employee? Here's what you should know about changes to casual employment. On 26 March 2021, the Government has passed an amended version of the Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill 2020 to change some sections covering workplace...

JobMaker Hiring Credit: What you need to know

The JobMaker Hiring Credit scheme (JobMaker) is a new government incentive in response to the COVID-19 economic crisis. Eligible employers can access JobMaker payment for each eligible additional employee aged 16 to 35 they hire between 7 October 2020 and 6 October 2021. The program...

This renovation tip can save you thousands

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. Claiming depreciation deductions on the assets installed during...

Tax tips 2020–21

With the end of 2020 approaching quickly, here are some tax tips to assist with managing your business accounting. Varying your PAYG instalments You can vary your PAYG instalments throughout the year if you think you will pay too much tax, compared with your estimated tax for...

Understand how depreciation works with negative gearing

Negative gearing is a heavily debated topic throughout the property industry and is often in the headlines at election time. As one of the major drawcards to investing in property, investors must factor it into their ongoing strategy. Before exploring the negative gearing and depreciation relationship,...

JobKeeper update

The new alternative decline in turnover test To claim JobKeeper, you must have suffered a significant decline in turnover. Generally, this is measured by comparing a relevant quarter in 2020 (called the turnover test period) with the equivalent quarter in 2019. However, there is an alternative decline...

Budget measures now law

A number of measures announced in the Federal Budget 2020–21 are now law. These are: •   Bringing forward the personal tax cuts and the new low income tax offset by two years to 2020–21 – new PAYG withholding schedules are available. •   Retaining the low and middle...