There is a lot of information available online, but you must always consider your own circumstances as not all rules and regulations apply to all situations. If you are ever in any doubt, please contact us for advice.
Every rental property owner should read this comprehensive guide. On page 16 there is a handy explanation of when property repair costs will be deductible:
If you are an employer, it is important to understand your superannuation obligations. The compulsory superannuation guarantee is currently 10.5%.
If you dread facing your business bookkeeping every month, we recommend discussing your accounting needs with us. Accounting platforms are constantly changing and there are a lot of ways to improve efficiency using automated allocation, apps, etc. We can help improve your existing bookkeeping methods, or help setup an amazing new system.
Did you know the Tax Office have an app available to help you keep track of work related expenses? It's particularly useful for keeping
track of your vehicle kilometres. Once you've finished entering your information, you can easily e-mail it to us via the app. Check
it out here:
ATO app information