Choosing Between a Mortgage Broker and a Bank

Banks are everywhere.. Why not go straight to a bank? Of course, you can go to a bank, but this can be more difficult than it sounds. Australia is indeed the lucky country.  We are blessed for choice when it comes to the amount of competition that exists across the mortgage market.  With so many … Continued

Do depreciation deductions apply to you?

Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property. Most investors are aware of some of the deductions they are entitled to; for example, they know they can claim their Property Manager’s fees, council rates and any repairs and maintenance costs. However, all … Continued

Rental property deduction restrictions: 2017 Budget

As part of the Government’s agenda to facilitate affordable housing, the Budget will be implemented starting on 1 July 2017.  It proposes removal of a number of deductions in relation to investment properties. The Housing Tax Integrity Bill amends the ITAA 1997 to implement 2 measures announced in the 2017-18 Federal Budget. Firstly, denying deductions for … Continued

Fringe Benefits Tax – Christmas Parties

One thing that some businesses forget to consider is, if they will need to pay Fringe Benefits Tax (FBT). Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee (or an employee’s associate e.g. a family member) in place of salary or wages. Here are some tips and tax … Continued