Home Office Expenses

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

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.....

Positive vs Negative Gearing

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?

Negative gearing is when yo.....

AIRBNB – YOUR TAX OBLIGATIONS

AIRBNB – YOUR TAX OBLIGATIONS

Currently there are 115,000+ renters on Airbnb.  You can rent out your house, apartment, a room or sublet your residence/property through the Airbnb app.  Any income earned from renting property through Airbnb is assessable.  Airbnb hosts are generally treated exactly the same way as anybody else.....

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