George Germanos (allegianceaccounting)
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For those who own their business through a company, any money taken from the company and not drawn as wages could be a Division 7A loan. Thi
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If you want to feel rich, just count the things you have that money can't buy..
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As part of the proposed GST Law amendments, GST may be claimed completely upfront for Hire Purchases for business reporting Cash GST! YAY!
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Small business may be allowed to write of assets up to $6,500 from the 2013 financial year. http://ping.fm/Q0Rb5
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To learn more about state taxes and payroll tax, you can attend free OSR seminars at http://ping.fm/X0WqO
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Are U nearing 60 or know anyone nearing 60 years old? Consider putting money into Superannuation as super earnings MAY be tax free after 60.
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Costs for guard dogs for your business may be tax deductible. Certain expenses such as training of dogs may not be deductible but an asset.
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The state gov't budget announced that the stamp duty exemption will only apply for new properties and not existing properties. Thoughts?
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Just finished breakfast networking at the Liverpool SWNG http://ping.fm/1l6AH
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Interest rates are still on hold! YAY!
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Land tax is payable on LAND value exceeding the threshold. U may own many properties without land tax by buying in different states.
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If you are financing a car or asset, speak to your accountant as the way you finance could affect how you claim on tax.
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TGIF! Enjoy your weekend and father's day.. I know I'm looking forward to some time with the family!
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If you are considering building a property to sell, see if you are eligible for the GST margin scheme upon purchase of land to save $1,000's
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Speak to your accountant about salary sacrifice certain items to save on tax. Items could include laptop, superannuation and your car.
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If u have negative geared property, u can lodge a "PAYG withholding variation", that way u can receive more tax money in your pocket today!
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Intetesting fact: Banging your head against a wall uses 150 calories an hour. so more head banging during work ;)
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The average person falls asleep in seven minutes. Thoughts?
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Did u know that a husband and wife can claim 2 seperate properties as their main residence to save on capital gains but at 50% each?
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TGIF Beautiful day in Sydney! Any plans for the weekend? I have a busy one...