Blogs & Resources
24 October 2015
How effective is your structure for tax purposes?
The following is real life example of a client of ours:
Purchased an investment property in 1992 for $180,000
Sold the same investment property in 2007 fo…
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21 October 2015
When is a Dwelling (residence) that has been inherited from a deceased estate eligible for a full Capital Gain (CGT) exemption.
Section 118 – 195 of Income Tax Assessment Act 1997 states that a beneficiary may claim a full main residence exemption (CGT Free) of the deceased dwellin…
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17 October 2015
Factors to consider when applying the Capital Gains Tax (CGT) main residence exemption after death?
Under certain circumstances a full or partial CGT exemption may be available to a beneficiary that disposes a main residence. Things that need to be consi…
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13 October 2015
What are the steps in administering someone’s deceased estate?
After attending to the burial arrangements, the steps involved typically involve:
1. Contact the relevant people and organisation…
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1 October 2015
October 2015 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. GST on all (taxable) online transaction…
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26 September 2015
What happens if my Transition to Retirement Income Stream (TRIS) payments exceed the maximum annual payment limit for my Self Managed Superannuation Fund (SMSF)?
A TRIS http://www.mcnamaraandcompany.com.au/blog/what-is-a-transition-to-retirement-income-stream-tris
A Transition-to-retirement income stream (TRIS) can be…
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22 September 2015
What expenses can I claim if I use a home office / work from home?
Working from home may allow you to deductions for part of your home expenses / payments.
The deductions available will depend on whether the home can be rega…
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19 September 2015
Can I roll / move an asset from one SMSF to another SMSF of which I am a sole member of both without causing a Capital Gains event.
Many people believe that as the ‘beneficial ownership’ has not changed, i.e., the member is still the owner, that there is not CGT event. …
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12 September 2015
Chartered Accountant wants to become a Lion Tamer - John Cleese and Michael Palin
Chartered Accountant wants to become a Lion Tamer - John Cleese and Michael Palin.
For the stereotypes of a Chartered Accounta…
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6 September 2015
What clients are looking to achieve in their business?
What clients are looking to achieve in their business?
1. I often ask clients this question and the majority of them will answer:
•…
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30 August 2015
What are some the key areas of consideration required when selling a business?
Selling a business can prove to be one of the most stressful and complicated time in a persons life.
It is therefore important that you have some time …
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23 August 2015
Tax Planning Guide – What are the main things to consider for tax planning?
Reducing / deferring your assessable income is a widely used and effective means of minimising your taxation liability.
Some of the areas to consider include…
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16 August 2015
Taxation Planning - Reviewing your debtor’s ledger for bad debts.
Reviewing your accounts receivable / debtor’s ledger, i.e., people that owe you money and writing off any amounts that you won't be able to collect is…
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3 August 2015
Taxation Planning - Reviewing your stock take ledger
The value of your trading stock is used to calculate you assessable income / deductions. Where the value of closing stock exceeds the value of opening stoc…
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1 August 2015
August 2015 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Data matching to be expanded on individ…
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24 July 2015
Taxation Planning - reviewing your fixed asset register
By reviewing your fixed asset register, you may be able to increase the amount of your depreciation / capital allowance deduction.
Review your asset for …
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