Does Fringe Benefit Tax give you a headache?

Does Fringe Benefit Tax give you a headache?

In 1986 Australia brought in the dreaded Fringe Benefit Tax (FBT). This prevented businesses from living a lavish lifestyle and having their business pay for their expenses, resulting in additional tax deductions that weren’t necessarily allowed.The most obvious...
Positive vs Negative Gearing Investment Properties

Positive vs Negative Gearing Investment Properties

A frequently asked question we get is why would someone want a negatively geared investment property?The answer to this depends on what you are trying to achieve from your investment property.A negatively geared investment property means that the expenses and...
Negative Gearing – What is it Good For?

Negative Gearing – What is it Good For?

Let’s say that your Investment Property is costing you money – is this is a good thing?YES!How? Because you have access to Negative Gearing.Negative Gearing is where you use the loss you are making on your Investment Property and the Depreciation, and reduce your...
2019 Proposed Tax Changes

2019 Proposed Tax Changes

There is currently a lot of stir in the news about Liberal v Labor and how their election will affect the current tax laws. A potential change in the government may have significant effects on local businesses and the average Australian Tax Payer. So, what are these...