Business Valuation Services at Macquarie Business Accountants
Do you know what your business is worth? Or perhaps you are thinking of buying a business? The team at MBA are here to help. [...]
Vacant land deduction changes hit ‘Mum & Dad’ property developments
Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only [...]
Common errors associated with the Super Downsizer Scheme
The Super Downsizer Scheme started on 1 July 2018 and has allowed older Australians to sell their homes and contribute up to $300,000 of the [...]
What lowering interest rates mean for you
The Reserve Bank of Australia is widely tipped to reduce interest rates again to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact. Australia [...]
What you can and can’t claim when it comes to rental property expenses
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect [...]
Rental property owners: 10 helpful tips to avoid common tax mistakes
The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that [...]
CGT exemption on inherited homes
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience. From a tax law perspective, [...]
ATO to Begin Data Matching Program on Lifestyle Assets
What to expect The Australian Taxation Office will be obtaining information on insurance policies for certain classes of assets, including marine vessels, enthusiast motor vehicles, [...]
Who owns the assets of a trust?
It’s not uncommon for people to put assets such as their family home into a trust, particularly professionals working in litigious fields or family groups [...]
Crack down on rental property deductions
In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions and the ATO believes that is too much - [...]