Julia's Blog
By Julia Hartman
LAST UPDATED – May 12 2021 (Download PDF) Time to start thinking about whether you would like to take advantage of the $150,000 (increased from $20,000 on 29th January, 2019) immediate tax deduction before the end of the financial year. Though it will still be available up to 30th June, 2023. The threshold varies depending …
(Download PDF) A trust is either discretionary or fixed in the ATO’s eyes anything in between is a charade. A chook on stilts is not a flamingo. The cycle has come full circle, must be enough new players in the property market to make it worth promoting hybrid trusts again. I guess there is a …
Download PDF The Bar Has Been Raised On When an Expense Relates to your Work Cameron Lambourne might be inclined to agree with the ABC on this one after his day in front of the AAT. There was quite an alarming precedent set in this case which I will detail later on. The profession certainly …
Fly In Fly Out Workers Salary Sacrificing Their Airfares Make sure your employer pays for your airfares direct, not reimburses you or the salary sacrifice is at best a waste of time, or at worse going to cost you more than if you just paid the airfares out of your after tax take home pay. …
So You think You Are A Contractor and Can Split Income? The Three Stages of Being a Contractor: Qualifying for an ABN – You need to be an enterprise, more than just providing your labour. A ute may help if it is fundamental to your income producing activities but a station wagon or sedan won’t …