by Peter Ristevski | Apr 2, 2024 | Property Tax, Tax & Accounting, Tax Deductions
If you’ve invested in vacant land with a view to building an investment property on it, the tax deductions you can claim have changed. Effective July 1, 2019, expenses related to holding vacant land are no longer tax-deductible, regardless of ownership prior to that...
by Peter Ristevski | Mar 19, 2024 | Financial Planning, How To, Property Investment, Wealth Creation
Have you ever wondered about the lifestyle of the affluent? Picture the opulent eight-bedroom estates, sleek Ferraris, designer handbags, and idyllic beachside retreats. Becoming part of Australia’s wealthiest 1% became a tad more attainable last year, as...
by Peter Ristevski | Mar 18, 2024 | Superannuation, Tax & Accounting
Starting from July 1st, 2024, there will be an increase in the maximum amount you can contribute to your superannuation. We’ll guide you on how to make the most of this change. Contribution limits for superannuation will rise from $27,500 to $30,000 for...
by Peter Ristevski | Mar 18, 2024 | Investment Property, NDIS, Property Investment Tips
The National Disability Insurance Scheme (NDIS) has opened up fresh avenues for property investors seeking to support disability housing while capitalizing on the burgeoning market in Australia. Through its Specialist Disability Accommodation (SDA) scheme, the NDIS...
by Peter Ristevski | Mar 11, 2024 | ATO, How To, Small Business, Tax & Accounting
The Fringe Benefits Tax year (FBT) ends on 31 March. In this article we clear up some of the confusion regarding the FBT issues when an employer provides an EV (electric vehicle) to an employee. In late 2022, the Government introduced a concession that enables...
