by Peter Ristevski | Apr 2, 2024 | Property Tax, Tax & Accounting, Tax Deductions
Are you paying for your employees’ external training? If yes, then you might qualify to claim the skills and training boost. Does your business have a total turnover of less than $50 million? You might be eligible for the small business skills and training boost. The...
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 Investment Plus Accounting Group | Feb 25, 2024 | Income Tax, Superannuation, Tax & Accounting, Tax Deductions
As the second half of financial year unfolds, taxpayers may be exploring ways to reduce their tax liabilities before June 2024. One often overlooked avenue for tax savings lies within the superannuation system, specifically through the strategic utilisation of unused...
by Investment Plus Accounting Group | Feb 13, 2024 | Business Advisory, Small Business, Small Business Tips, Tax Deductions
If you own a business in Australia, the good news is that many costs related to advertising and promoting your business can be deducted from your taxes. This means you can reduce the amount of tax you have to pay by claiming these expenses on your annual tax return....
by Investment Plus Accounting Group | Nov 29, 2023 | How To, Property Investment, Tax Tips
Most investors will be familiar with rental properties, but many do not fully understand the rules and concessions available. In this article we look at the tax benefits and concessions that property owners are eligible to claim. There are two situations that need to...
