Christmas is rapidly approaching and those of us that are in business will be planning Christmas parties and maybe gifts and/or cash bonuses for employees and possibly gifts for clients and business associates. Therefore once again it is timely for this column to...

This month’s column is an addendum to my May article “Be Warned and be Prepared” which you should refer back to before you either prepare your own tax return or engage the services of a Registered Tax Agent. The article may be accessed via...

With less than three months until the end of the financial year, now is a good time to ensure you are fully prepared for maximizing your work related deductions without exposing yourself to the possibility of a tax audit. Irrespective of whether you use a registered...

Over the last three months this column focused on the income tax issues relating to using your home to produce assessable income. This month the discussion will focus on the possible subsequent exposure you may have to capital gains tax when you sell your home if you...

Most of us, particularly women are significantly under- funded for our retirement. This month’s column will assist you to add to your super fund balance and at the same time reduce your overall tax liability. However you must act NOW as contributions must be in your...

This month is the third of my monthly discussions focusing on using your home to earn taxable income. A common opportunity many of you may have undertaken or may plan to do is to rent out a spare room or area in your home to earn some extra income. This may be an...

In last month’s column I explained the deductions available to you if you have a separate place of employment but also spend time working at home attending to matters relating to your employment by utilizing a home office or designated work area. This month the...

In our changing world more of us are now choosing to undertake work at home either as an extension of our employment duties or as a basis for running a small business or generating some rental income. Due to both the complexity and the importance of understanding the...

There are two significant changes this year that may delay the time when your tax return can be processed and assessed. If you are anticipating a tax refund, then be prepared for the refund to hit your bank account later than you may be expecting. 1) The Impact of...

This month’s column should be of interest to readers who generate assessable income from residential rental properties. In particular this update will inform you of recent legislative changes that affect deductions for depreciation of plant and equipment and travel...

This month’s column explains a new superannuation concession known as the “Downsizer Superannuation Concession” that became available to certain home owners who sell their ownership interest in a dwelling after June 30, 2018. If you own a residential dwelling and are...

In the September edition of The Diary in the feature section “Say I Do in Warrandyte”, Aaron Farr of the law practice Rush & Hampshire advised couples contemplating marriage to give thought to appointing Powers of Attorney (POAs) to manage your financial affairs...