1. SMSFs and Geared Property Investment
May 02, 2013
Generally, there is a prohibition on superannuation funds borrowing money. However, an exception to this rule enables self-managed superannuation funds (SMSFs) to borrow in order to acquire certain assets. These borrowing arrangements, though, are strictly regulated.
When borrowing to acqu...
|
 |
 |
2. SMSFs and Family Members
May 02, 2013
Self-managed superannuation funds can be tricky especially for people who have little experience with this type of fund. However, if you are planning on managing your own SMSF and your family members will be involved, there are some things that you need to know.
A self-managed superannuatio...
|
|
|
3. Streaming Classes of Trust Income
April 23, 2013
Medical Insurance Australia and Tax Deductions in Australia please visit our website http://www.taxforhealthprofessionals.com.au/
"> Various aspects of the tax law relating to trust have been the subject of long-term ...
|
|
|
4. What You Cannot Claim as Tax Deductions
April 23, 2013
Here are some deduction ideas that many commonly believe to be claimable, but are typically rejected by the Tax Office. While some may appear obviously not allowable, they have all been genuinely attempted to be claimed. But while the Tax Office may reject the following in the first instance, taxpay...
|
|
|
5. Investors Beware Mortgage Management Plans
April 10, 2013
Investors contemplating an arrangement which is being marketed as a ‘mortgage management’ plan should be wary. Under this scheme, split loan arrangements - that is, the combination of an investment loan, a home loan and a credit facility – are being promoted as providing tax-effective financing and ...
|
|
|
6. Common Self-Managed Superannuation Fund Mistakes
April 10, 2013
While many Australian’s consider themselves capable of doing a self-managed superannuation fund (SMSF), some in the industry are concerned that the rising number of SMSFs may not be a good thing. The main reason? They are concerned that many trustees/members may disregard or at least not give full...
|
|
|
7. Claiming Work Related Self-Education
March 19, 2013
As the new year gets under way, start planning your financial agenda for 2013 by learning what you can and cannot claim under work-related self-education expenses. People continue to be confused as to what precisely constitutes self-education expenses, and how the claim is calculated – with some un...
|
|
|
8. The Basics of a Carbon Tax Ready Business
March 12, 2013
By now small business owners have hopefully come to terms with the reality of the Clean Energy Future package and its practical implications on how you run your business. However, like many small business owners you may be feeling overwhelmed by all that the Carbon Tax means. While fully understan...
|
|
|
9. Medical Expenses: What Can You Claim?
March 04, 2013
When it comes to tax deductions, there are some areas like medical expenses that can be confusing about what you can claim and what you cannot. Take a minute to read over this article to help clear up the confusion.
Changes announced in the last Federal Budget indicated that from July 1, ...
|
|
|
10. Are You a Contractor or an Employee?
February 28, 2013
Do you have control over the way a task is performed and do you work standard hours? Do you submit tax invoices for
payment and do you file GST returns?
In a time when ‘sham contracting arrangements’ are on the rise, according to Minister for Trade Craig Emerson, the answers to the...
|
|
|
Author: Tax wise
