To keep your SMSF’s auditor and the ATO happy, you must record the “market value” of your SMSF’s assets. But how do you prove market value, how often must you value assets and when do you need to hire an expert valuer?

Hankering for a hobby farm? Maybe you’ve already turned a few shimmering vines into wine? But is it a hobby or a business? Let us do the taste test and see if you need to start declaring your income. 

Recent changes to the law mean many more Australians can now claim deductions for their personal superannuation contributions. But while the eligibility requirements have been lowered, the process for claiming deductions is full of traps. Do you know what steps to take and what to look out for?

Are you an employee who sometimes works from home? You may be able to claim deductions for some of your home office expenses.

Use your car for work? Up to your gears in logbook entries? We can help you maximise your tax claim for car expenses and ensure your record-keeping stacks up in the event of an ATO audit.

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. 

Some superannuation thresholds are set for a small boost from 1 July 2019 thanks to the latest figures published by the Bureau of Statistics. While the concessional and non-concessional contribution caps are unchanged, the capital gains tax cap amount and the employment termination payment cap will both increase.

STP? Single Touch Payroll. 1 July is the deadline for all employers to be ready to send payroll information straight to the ATO every pay cycle using compliant software.

The government plans to give companies greater access to prior year tax losses in a bid to stimulate business innovation. A new alternative to the “same business test” – the “similar business test” – will make it easier for companies that have experienced a significant change in ownership or control to carry forward their losses.

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators.