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April 17, 2015
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Andrew Lovett

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Save Tax: GST/VAT refunds

If you purchase items while travelling overseas you may be able to claim a refund of the VAT (Value Added Tax) or GST you paid on purchase.
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Tax Insights
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April 2, 2015
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Andrew Lovett

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Save Tax: Extension of time to pay tax

It may be possible to obtain an extension of time to pay your tax where..
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April 2, 2015
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Andrew Lovett

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Save Tax: Childcare

Costs incurred by an employer in providing recreational facilities for employees on the employer’s business premises...
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Business Insights
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April 2, 2015
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Andrew Lovett

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Save Tax: Works of art

Certain gifts of art with a value of $2 or more can be deductible to individuals or companies.
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Tax Insights
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April 2, 2015
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Andrew Lovett

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Save Tax: Home office

Be aware that if you set aside an area in your home solely for work purposes and claim a proportion of rates, maintenance...
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Tax Insights
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April 2, 2015
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Andrew Lovett

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Save Tax: Exempt benefits

FBT is not charged on a number of items which are predominantly used for business purposes.
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April 2, 2015
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Andrew Lovett

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Save Tax: Flight rewards

Are you an employee receiving benefits from flights paid for by your employer...
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Tax Insights
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April 2, 2015
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Andrew Lovett

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Save Tax: Legal expenses

Look closely at legal costs to determine whether you can claim a deduction. Costs incurred in the course of running your business, preserving the business and its good...
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April 2, 2015
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Andrew Lovett

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Save Tax: Seminar expenses

You can claim expenses incurred in providing food, drink, accommodation...
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March 26, 2015
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Andrew Lovett

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Save Tax: Children's income

Children under 18 are taxed at a penal rate if unearned income exceeds $416.
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Tax Insights
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March 26, 2015
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Andrew Lovett

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Save Tax: Assignment of profits

Are you receiving a share of profit from a partnership? The Court has confirmed that an interest in a...
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Tax Insights
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March 26, 2015
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Andrew Lovett

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Save Tax: Theft

You can claim a deduction for loss of money through theft, stealing embezzlement, etc...
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March 26, 2015
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Andrew Lovett

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Save Tax: Value of trading stock

If you have trading stock you must include it’s value at the end of the financial year as assessable income.
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March 5, 2015
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Andrew Lovett

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Save Tax: Travel - accompanying persons

If you travel overseas on business but also with your spouse you must apportion the travel costs.
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March 5, 2015
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Andrew Lovett

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Save Tax: Apportioning interest claims

Interest on monies borrowed to purchase an asset mused for both business and private purposes must be apportioned on a reasonable basis...
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March 5, 2015
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Andrew Lovett

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Save Tax: Black hole expenses

Have you incurred expenses which are not of a revenue nature or related to an asset?...
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March 5, 2015
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Andrew Lovett

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Save Tax: Bad debts

To maximise your deduction for bad debts you must ensure they are written off during the year...
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March 5, 2015
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Andrew Lovett

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Save Tax: Deceased estates

Has a family member with business or investment income died? Don't rush to finalise the estate.
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Plan Succession

One idea, could help you save tax – let’s get creative.

Consulting Accountants  .  Taxation Specialists  . Business Improvement