Home Office Expenses

Home Office Expenses

The ATO has reported that, last year, 6.7 million tax payers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes expenses related to working from home (i.e. home office expenses). Along with this increase in the number of claims for home off.....

Concessional Superannuation Contributions Cap

There is a cap on the concessional superannuation contributions you make to your superannuation each financial year.  If you contribute over these caps, you may have to pay extra tax.  The cap amount and how much extra tax you have to pay may depend on your age, which financial year your contribut.....

Single Touch Payroll Are You Ready?

Single Touch Payroll (STP) is designed to streamline business reporting obligations.  It is now an official requirement for every Australian employer.  Whether your a small business that employs 1 or 20+ employees, everyone needs to get on board from July 1 2019. 

What is Single Touc.....

Positive vs Negative Gearing

Borrowing money to invest is called 'gearing'.  If you have borrowed to invest and your making a loss, you are negatively geared.  If you are making a profit you are positively geared.  Either way, gearing will still cost you money.

What is negative gearing?