Monthly Archives: April 2014

ATO hit list 2013-2014

I would like to share an article ATO’s hit list 2013-2014 by Nassim Khadem from BRW written at the beginning on this financial year. Nassim points out that the ATO will focus on individuals who fail to declare income or … Continue reading

Posted in Introduction | Leave a comment

Project DO IT Disclose offshore income today

The Commissioner of Taxation announced an initiative to allow eligible taxpayers to come forward and voluntarily disclose unreported foreign income and assets. Project DO IT Disclose offshore income today He urged taxpayers with offshore assets to declare their interests ahead … Continue reading

Posted in Introduction | Leave a comment

Tax minimisation tip: owning a property

Your home is generally exempt from tax. If you have an investment property build or renovate for profit, or use a property in the running of a business, there may be implications for income tax, capital gains tax and goods … Continue reading

Posted in Introduction | Leave a comment

Tax minimisation tip: getting your GST right

Understanding GST and how it applies to your business is an important part of your tax strategy. I would like to share ATO Deputy Commissioner Steve Vesperman’s quick GST tips on getting your GST right If you have any questions … Continue reading

Posted in Introduction | Leave a comment

Taxation Minimisation Tip: Business travel expenses

You can generally claim a deduction for business travel expenses if it is connected to your business. However any travel before you start your business is usually not deductible. If you do add personal travel to your work related travel … Continue reading

Posted in Introduction | Leave a comment