Claiming Super Contributions at Tax Time

Claiming Super Contributions at Tax Time

Over the last couple of years individuals have been able to claim super contributions as a tax deduction. In order to be able to do this, a number of factors are involved:Your super contributions must be made with your after-tax income.This is because you have already...
Trauma Insurance vs TPD Insurance

Trauma Insurance vs TPD Insurance

Trauma Insurance and Total Permanent Disability Insurance, what’s the difference?Trauma Insurance and Total Permanent Disability (TPD) Insurance can sometimes be confused as the same insurance, however they support you through rather different circumstances, which is...
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...
Home Office Expenses & Covid-19

Home Office Expenses & Covid-19

Due to COVID-19, the ATO have implemented different Home Office deductions from March 2020 to June 2020. These deductions are calculated 1 of 3 ways.Shortcut method. 80c per hour worked from home.This is to cover ALL expenses, including: Phone expenses, internet...
Recent Government Incentive Programs

Recent Government Incentive Programs

While the current coronavirus pandemic leads us through uncharted and unprecedented times, the Australian Government has announced a number of stimulus packages to assist businesses and workers.For Individual and Households (including Employees, Sole Trader)Jobseeker...