Death and the main residence exemption
Inheriting a main residence Where a taxpayer inherits a dwelling directly, or from a deceased person’s estate, the main residence exemption can apply to the taxpayer. This may be the case where the taxpayer is a beneficiary of a deceased estate, or the trustee of such an estate. Where property is owned as joint tenants…
Read MoreTED Talks: Glenn Greenwald – Why privacy matters
Glenn Greenwald was one of the first reporters to see — and write about — the Edward Snowden files, with their revelations about the United States’ extensive surveillance of private citizens. In this searing talk, Greenwald makes the case for why you need to care about privacy, even if you’re “not doing anything you need to hide.”
Read More10 strategies to avoid costly financial mistakes
One of the greatest benefits of building a financial plan hand-in-hand with a trusted financial adviser is that they can immediately help you avoid serious but common financial mistakes. Here are ten of the most common.
Read MoreTips on how to survive the end of the year
Struggling to get to the Christmas finishing line? The bad news is that the hardest weeks are still ahead… The good news is that it is not as hard as you think it may be! Here are some tips for facing the end of year madness!
Read MoreImportant information for Small Businesses – Proposed Tax Changes
The election of the Liberal Government has given rise to some exposure draft legislation that will be put before the parliament very shortly. Some of these bills may give rise to taxation implications for some of you if the legislation is passed.
Read MoreTED Talks: Dan Ariely – What makes us feel good about our work?
What motivates us to work? Contrary to conventional wisdom, it isn’t just money. But it’s not exactly joy either. It seems that most of us thrive by making constant progress and feeling a sense of purpose.
Dan Ariely, behavioural economist, presents two eye-opening experiments that reveal our unexpected and nuanced attitudes toward meaning in our work.
It’s become increasingly obvious that the dismal science of economics is not as firmly grounded in actual behaviour as was once supposed. In “Predictably Irrational”, Dan Ariely tells us why.
Read MoreEconomic Confidence – Signs of optimism are appearing among consumers and investors
Has 2013 been a better year than last year for you so far? On a nationwide scale, recent surveys have shown the first few months of this year have been an improvement on 2012, with consumers and investors a little more confident about the strength of the Australian economy although some uncertainty does remain.
Read MoreTop 10 tips to maintain and grow your business in a downturn
For small businesses, keeping an eye on the core business, maintaining a healthy cash position, reducing operating expenses, increasing efficiency and strengthening existing supplier and customer relationships will all go a fair way to help ensure your business weathers today’s tough economic climate.
Read MoreRental Properties – Deductible Repairs v Capital Improvements
The Tax Office has been interested in rental property owners for some years now. It is recognised that there are a significant number of investors, and the Tax Office see this as an area that taxpayers are understanding rental income and over claiming deductions. In particular, the Tax Office is aware that many of these investors are new to the market, and their experience is seen to be an area of risk.
Read MoreClient in Focus: Allure Hair and Body
This month’s Client in Focus is Allure Hair and Body.
We speak to owner, Renee Marshall on the success of her business and the challenges she has faced and overcome.
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