by Brian Spurrell | Sep 11, 2022 | Retirement
This month there were two sets of data released that may be a cause for concern for those who are approaching retirement. On August 18th the Association of Super Funds of Australia revealed that retirees will now need to spend more in order to retire comfortably....
by Brian Spurrell | Aug 1, 2022 | Rental Properties, Tax Tips
The ATO has advised that income and tax deductions from rental properties are one of four key areas that it is focusing on this tax time. The other three areas are record keeping, work related expenses and capital gains from crypto assets, property and shares. In this...
by Brian Spurrell | Jul 1, 2022 | Changes to Super, Changes to Tax, Tax Tips
Part A – Tax Changes There are two tax changes relating to claiming work related expenses relevant for most taxpayers that will apply from July 1st 2022. 1) Cents per hour claim for car expenses Earlier in the year the ATO proposed that the cents per kilometer method...
by Brian Spurrell | Jun 1, 2022 | Tax Time
Regardless of whether you plan to prepare and lodge your own tax return or alternatively use the services of a registered tax agent, you will need to get your paperwork in order to facilitate the preparation of your tax return. Assessable Income Identifying and...
by Brian Spurrell | May 1, 2022 | Tax Time
Last month this column explained the importance of getting your deductible expenditure records in order to ensure you maximize your work related deductions and focused on the two options available for claiming work related motor vehicle expenses. This month’s column...
