With an increased number of employees working from home due to the Covid-19 pandemic, home office expense claims have become more common deduction items for the 2020 tax year. Anyone who has worked from home, they may be able to claim a tax deduction for expenses they necessarily incur related to performing their work duties. […]
What’s New for 2020FY Home Office Tax Claims due to COVID-19 Read More »
Do you know there are 3 Types of Dividends for company shareholders? If you have read our previous post “Comparison on Business Structures” you will find that company is the only structure that can distribute after taxed retain profits to its shareholders. This is so-called Dividends. What are the dividends? When companies make a
3 Types of Dividends for Company Shareholders Read More »
Deciding on getting into property investment through the self-managed super fund or SMSF is something worth considering. If you take into consideration the volatility of the stock market, low-interest rates, and tax concessions, it makes a lot of sense. So what do you need to know? Here are 5 Common Mistakes when considering property investment through
5 Mistakes on Self-Manged Super (SMSF) Property Investment Read More »
Generally, you can start withdrawing from your superannuation fund after you’ve reached your preservation age and you’re retired, but there are instances when you may be able to access super early. Your super is designed to help fund your retirement, so generally, it’s only possible to withdraw your super once you’ve reached a ‘preservation
When Can I Access My Super Fund? Read More »
Can You Avoid Remitting Your Land Tax? It is possible to stop paying your monthly land tax. However, that would mean you also stop purchasing more properties. How would that sound? I guess you wouldn’t want to give up on your investment property business. So, what should you do instead? Let’s find out! No
Australia Land Tax – An Introduction Read More »
Why invest in property for retirement income? After you retire, you need a plan to generate income. As per the Australian Bureau of Statistics, only about 10% of Aussies who retired from the labor force will earn $1,500 or more every week. It is essential to plan how you will supplement your retirement income via
Do You Want to Retire in Comfort? Investing in Property then Read More »
What are tax-deductible super contributions? Tax-deductible super contributions are made from your after-tax income. This income may be from a variety of sources such as your take-home pay, savings, an inheritance or from the sale of assets. Whatever the source, you can make a payment to your super fund from your bank account either as
How to Make Tax-deductible Super Contributions Read More »
Land tax is a tax payable based on the combined unimproved value of the land a person or entity owns. The land tax is calculated based on how much the land in question would be worth were it vacant. In other words, the land tax is payable on owned property and not the principal
Minimise Land Tax in Five Easy Ways Read More »
ABN is an 11-digit number that represents your business to the gov, other businesses and the public in Australia.
How to Register an Australian Business Name (ABN)? Read More »
EOFY 2019/2020 is Approaching！ Is your business ready to save on tax claim? Here are some top tips from BOA & Co.’s tax guide for small business owner when it comes to year-end tax planning: Tax planning tips for small businesses: Check with your accountant or bookkeeper on how you are doing for the financial
EOFY 2019/2020 Tax Planning Guide for Business Read More »