by Investment Plus Accounting Group | Mar 23, 2023 | ATO, How To, Small Business, Tax & Accounting, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by Investment Plus Accounting Group | Mar 15, 2023 | Asset Protection, Business, Family Trusts, Trusts
Although trusts are common, they are often poorly understood. Setting up a trust is often driven by a new business opportunity, a growing business, or a need to better structure your investments. When set up correctly, there are clear tax benefits when it comes to...
by Investment Plus Accounting Group | Sep 29, 2022 | Land Tax, Property Investment, Property Investment Tips
Revenue NSW will issue the 2023 Land Tax Notice of Assessments from January 2023. We have prepared a list of the main changes to Land Tax for 2023 which covers the following: Extended Payment Plans Opt – in Digital notifications Changes to Land Tax 2023 Land Tax...
by Investment Plus Accounting Group | Jul 19, 2022 | ATO, EOFY, Tax & Accounting
As we head into the 2022/23 Financial year, staying on top of your taxes and constant changing rules can be time consuming for employees and contractors. The impact of Covid-19 on business and taxpayers along with data matching technology employed by the ATO,...
by Investment Plus Accounting Group | Nov 23, 2020 | Land Tax, Property Investment, Stamp Duty, Tax & Accounting
Stamp Duty and Land Tax Calculator We would like to remind all our clients with investment properties about their land tax obligations. It can be very confusing as each state varies in terms of threshold, rate applicable depending on ownership structure and the date...
