Log Books and 1 ton Utes

Log Books and 1 ton Utes

Log Books and 1 ton Utes. With the increased popularity of 1 tonne utes like the Ford, Holden and 4WD dual cab utes that are used for business use as well as private use the following question is often asked. Does a log book need to be kept to show the personal use of a […]

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2017 Income test for Family Tax Benefit Part A

2016 Income test for Family Tax Benefit Part A

Every year I update the Income Tests for Family Tax Benefit Part A on this blog, I do this for several reasons, the first being that I have an easy way of retrieving the income thresholds should a client ask. The second is, that historic information on www.humanservices.gov.au is very hard to find, as of the […]

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ATO HELP/HECS repayment thresholds and rates for 2017

ATO HELP HECS repayment thresholds and rates

Have you or are you currently studying at university? If so, you are likely to have a HELP/HECS debt. Notifying your Employer You are required to let your employer know that you have a HELP debt, this can be done via an Employment Declaration form at the commencement of your job or at any time thereafter should you […]

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Telstra Shares – Cost Base for Capital Gains

Telstra Shares Cost Base for Capital Gains

Telstra 1 Shares Are you selling your Telstra 1 Shares that you bought in 1997? The original instalment was $1.95 on the 3/11/1997. The second instalment of $1.35 was on the 13/11/1998. The total purchase price being $3.30 bought on the 3/11/1997. Telstra 2 Shares Are you selling your Telstra 2 Shares that you bought […]

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Superannuation Co-contribution

Superannuation Co-contribution

Superannuation Co-contribution One of the most suggested Government’s incentives I make to my clients is the Superannuation co-contribution. If you are earning less than $36,021 (at least 10% from employment income) and pay up to $1,000 into your superannuation as a voluntary contribution the government will pay 50 cents for every $1.00 you deposit. If […]

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3 reasons to buy a rental property

3 reasons to buy a rental property

Rental properties are a popular investment for many people. Below are 3 main reasons why owning property is a major investment choice. Tax Incentives Rental properties are a common investment for Australian Taxpayers, one of the main reasons why they are so popular is the tax deduction received for the net losses from the property against other income, resulting […]

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6 Ideas to spend your tax return wisely

6 Ideas to spend your tax return wisely

It’s July and you have received your PAYG Payment summaries and it’s time to lodge your tax return and hopefully receive a refund. The average refund issued by the Australian Taxation Office is just over $2000, the question is, what plans do you have for your refund? Keep in mind your refund isn’t a windfall, […]

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