What are the tax and investment considerations for a Granny Flat above versus a Tiny Home below? Income Tax Return Reporting - Income Streaming Tiny Homes Tiny home ownership does not have to follow the ownership interest of the underlying property ownership. For...
Secondary Dwelling From December 2023 the Victorian Government has passed planning changes to make it easier to build Granny Flats - or "small secondary dwellings", on existing homes. The Victorian Premier Jacinta Allan revealed that planning permits will no longer be...
The ATO is particularly targeting property investors that are not using the help of a specialist property tax accountant like Umbrella Property Accountant, due to the high error rate being discovered from ATO Audits. The ATO Audits into self-preparers have uncovered...
Travel to a workplace: what’s in, what’s out!
| Travel to a workplace: what’s in, what’s out
A recurrent topic of inquiry when it comes to possible tax deductions is when taxpayers travel to a work location, and the eligibility or otherwise of certain claims for that travel. We unravel the complexities. |
| Start-up business: which is the right structure for you?
A start-up business is going to have to make a decision about the type of structure most suitable for their enterprise. But we also look at when a business ends, and the delicate topic of liquidation and what needs to be done when winding up a business. |
| Controversial Super changes scrapped
The latest government announcements regarding superannuation are also dissected to see where SMSF trustees may be able to prepare for the future. |
| Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter. |