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Airbnb and home sharing - Taxing implications

Airbnb and home sharing - Taxing implications

Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long-term tax implications of such a move, which may lead to a case of short-term gain causing long-term pain.
Category: News
Got clearance to sell your home?

Got clearance to sell your home?

In the market to sell your house? Before you call in the real estate agents and home stylists, you probably know that you’ll need to have a contract of sale handy. Did you know that you may also need to get a capital gains withholding clearance certificate from the ATO?
Category: News
Plan ahead for a smooth sale

Plan ahead for a smooth sale

The role that small business plays in the economy is generally well understood but how well do the owners of those businesses understand their true worth? The large number of business owners fast approaching retirement will need to do some careful planning if they are to maximise the fruits of their labour.

Category: News
Forecasting your Future

Forecasting your Future

Most businesses make the mistake of only consulting their accountants when they need help to meet their compliance needs. However, it is necessary to recognise that simply satisfying legislative requirements will not get you closer to achieving your business goals.

Category: Technical Articles
Business Structures

Business Structures

Have you thought about starting your own business but repeatedly postponed taking the first step because it all seemed too complicated and daunting? The good news is that you do not have to do everything on your own; a good accountant can be a valuable resource, especially in the establishment phase.

Category: Technical Articles
ATO's Online Services

ATO's Online Services

As part of the ATO’s move towards a paperless system, the ATO encourages more and more taxpayers to report and manage their tax affairs electronically using their online services.

Category: News

Recognising and avoiding tax scams and fraud

In an effort to keep up to date with technology and improve its service delivery, the ATO has started moving their communications and interactions with taxpayers away from paper correspondence and towards other methods, such as email and mobile phones (via SMS), for updates and notifications.

Category: News
SMSFs and Trauma Insurance

SMSFs and Trauma Insurance

Trustees of self-managed super funds (SMSF)  were previously allowed to purchase trauma insurance policies for fund members and still satisfy the sole purpose test  of the Superannuation Industry (Supervision) Act 1993 (SISA)...

Category: Technical Articles
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