by Investment Plus Accounting Group | Oct 19, 2020 | Depreciation, Property Investment
Key insights Bringing forward personal income tax cuts should result in an immediate cash increase for most employees. Low income earners will receive additional support through the increase to the Low Income Tax Offset and maintaining the current Low and Middle...
by Investment Plus Accounting Group | Jul 22, 2020 | Business, Tax & Accounting
Enhanced access, quality and safety in aged care The 2020-21 Budget provides a record level of $2.0 billion support into aged care over four years to progress reforms to deliver improved outcomes for consumers and providers. Support for consumers includes: $1.6...
by Investment Plus Accounting Group | Jul 10, 2020 | Depreciation, Property Investment
Did you know that property depreciation is the second biggest tax deduction for investors, after interest? Despite this fact, 80 per cent of property investors are failing to take advantage of property depreciation and are therefore missing out on thousands of dollars...
by Investment Plus Accounting Group | Jul 6, 2020 | Business, Tax & Accounting
ATO Employer Reminder: A reminder has been issued by the ATO to employers reporting through STP (Single Touch Payroll). That applies to just about every employer, assuming that deferral or exemption isn’t involved. Employers need to have payroll information finalized...
by Investment Plus Accounting Group | Jul 6, 2020 | Depreciation, Tax & Accounting
Businesses and property investors will sometimes hire a professional quantity surveyor, who will put together an updated tax depreciation report. This will provide depreciation and capital works deductions for revenue-producing properties they own. These places may...
