Blogs & Resources
30 March 2021
Taxation Planning - Moving money into lower tax structures
By having or moving income producing assets or capital gains producing assets into a comparably lower tax environment will reduce your taxation exposure.Using t…
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29 March 2021
Taxation Planning - Deferring capital gains events.
Managing the timing of a capital gain event can defer the tax payable on the event for a substantial period of time. It may also reduce the amount you eve…
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23 March 2021
Taxation Planning – Diverting Income
Diverting income is another widely used and effective means of minimising your taxation liability.Using a Discretionary (Family) Trust can prove to be very effe…
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21 March 2021
Taxation Planning – 6 ways of increasing your business deductions.
Increasing your business deductions is another widely used and effective means of minimising your taxation liability.Some of the areas to consider include:1. &n…
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14 March 2021
Taxation Planning – 8 ways to reduce your assessable income.
Reducing / deferring your assessable income is a widely used and effective means of minimising your taxation liability.Some of the areas to consider includ…
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13 March 2021
What do tax minimisation and Kerry Packer have in common?
Kerry Francis Bullmore Packer has famously stated.‘I am not evading tax in any way, shape or form. Now of course I am minimising my tax and if a…
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7 March 2021
What is tax planning?
Generally speaking tax planning is when a tax payer (whether it is an individual; trust; company; partnership or superannuation fund) organises its / their affa…
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4 March 2021
What is the difference between tax avoidance (tax planning) and tax evasion?
Tax evasion is illegal while tax minimisation (tax planning) is not.Tax evasion typically involves Individuals, Companies, Trusts and Superannuation Funds miss …
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21 February 2021
Fixed versus Variable Costs?
Fixed Expenses are costs that remain the same every year, they remain unchanged, they do not vary or alter depending on the activity of your business.Variable E…
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26 January 2021
3 questions to ask for a healthy business.
If you told me you wanted to run a marathon and were going to prepare for the big event by going for a slow jog once a week, I’d say you were crazy. In fa…
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23 January 2021
Home Office Tax Deductions.
There are three methods for claiming home office deductions in your 2020 income tax return:- Shortcut method (80 cents per work hour) – available 1 …
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28 December 2020
New year’s resolutions. Improve my business.
Most businesses would like to improve in the following areas:Revenue GrowthProfit ImprovementCash flow ImprovementIt is then a matter of identifying Key Perform…
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21 December 2020
Accounting and Tax at Christmas time.
Giving Employees Gifts at Christmas Time.Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?Are gifts to clients…
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12 December 2020
Giving Employees Gifts at Christmas Time.
Generally, the most tax effective outcome when providing Employees with gifts is to ensure that the following is adhered to:1. The gift is less than $300, Goods…
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11 December 2020
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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