Entries by Lisa Haberfield

An Overview of the Major Changes in Tax Time 2016

Some of the changes that are worth noting are the tax benefits for small businesses, the new tax procedure for managed investment trusts, and strengthening access to company losses. Depreciation for small businesses made simple Small businesses are entitled to an immediate deduction to the business part of most assets of they are valued below […]

Learning About Capital Gains Tax

The word “tax” never fails to make us feel scared or worried. Yes, it’s a bit stressful seeing a part of your hard-earned income vanish. But you don’t have to feel this way about paying taxes, in general – if you do it properly. With regards to Capital Gains Tax (CGT), you have to know […]

ATO Targets Rental Property Deductions

At the start of every year, it looks as if the Australian Taxation Office (ATO) declares its drive to zero in on a specific segment of taxation. In 2015, the ATO has stated that it is stepping up its focus on rental property deductions. This could refer to many different kinds of deductions, but a […]