Julia's Blog
By Julia Hartman
Download PDF I am very disappointed with this budget it claims to help people buy their own home but throws the homeless and those not in a position to buy under a bus. A small investor buying an established home to provide rental accommodation will pay more tax than an investor in shares, …
Download PDF Primarily this blog is intended for recently qualified doctors and dentists starting work in a practice. Once you move on to acquiring assets and an ownership interest in the Medical Centre this will open up further opportunities for tax strategies and responsibilities. We touch on this towards the end so you can …
Download PDF Update – The ATO have released a draft ruling TR 2025/D1 about holiday homes that are used for both private and rental income purposes. The ruling does not allow a tax deduction for any of your ownership costs such as rates, insurance, interest, depreciation, land tax, repairs and maintenance unless the property is …
Download PDF Good record keeping is probably the most effective tax tip going. This blog covers the record keeping requirements for cars, mobile phones and home office claims. Vehicles: In order to claim a vehicle you must “hold” the vehicle. If your employer makes the lease payments on the vehicle, your employer “holds” …
Download PDF With over 2 percent of the taxpayers in our group being classified by the ATO as having compromised tax file numbers (TFN), I started asking questions of the ATO. This percentage increases every year because there was no way a taxpayer could become uncompromised or obtain a new TFN. A compromised TFN …