The $150K Immediate Writeoff – Clever Trick

LAST UPDATED – May 12 2021 (Download PDF) Time to start thinking about whether you would like to take advantage of the $150,000 (increased from $20,000 on 29th January, 2019) immediate tax deduction before the end of the financial year. Though it will still be available up to 30th June, 2023. The threshold varies depending …

Hybrids are being Spruiked Again!

(Download PDF) A trust is either discretionary or fixed in the ATO’s eyes anything in between is a charade. A chook on stilts is not a flamingo. The cycle has come full circle, must be enough new players in the property market to make it worth promoting hybrid trusts again. I guess there is a …

12 Mistakes When Buying A Home To Live In

(Download PDF) Educating yourself and seeking advice is something you associate with property investing but not buying a home to live in. Well, it didn’t take long at all for me to come up with 12 mistakes I have seen people make when buying a property to use as their home. I list them below, …

Superannuation Guarantee and Contractors – Are you paying super for your sole trader contractors?

(Download PDF) This blog focuses on the outcome of MWWD v FCT 2020 https://www.ato.gov.au/law/view/document?docid=JUD/2020ATC10-553/00001 It is worthy of a blog because it drives home two very important points that are regularly ignored because ‘everyone else is doing it’. So here it is in black and white: Point 1 – A payer can still have a …