March Issue - PPG Monthly Newsletter Tax & Super
The March Newsletter looks at factors to keep watch over in relation to the looming fringe benefits tax (FBT) season. It pays to be reminded that FBT liabilities can also arise due to third party...
View ArticleApril Issue - PPG Monthly Newsletter Tax & Super
While your business might own some tempting assets, be careful when making use of these for your personal enjoyment, as this could trigger a tax liability. And if you are considering changing the...
View ArticleMay Issue - PPG Monthly Newsletter Tax & Super
While a lot of the benefits a business can provide to employees will bring an FBT liability with them, this is not the case for every benefit. We look at what you can consider that are also FBT-free....
View ArticleBudget Issue - PPG Monthly Newsletter Tax & Super
This year’s federal budget has a few sweeteners, but not so much that will turn anyone hyperactive. The welcome news is that the turnover threshold for classifying a “small business entity” will...
View ArticleJune Issue - PPG Monthly Newsletter Tax & Super
Even though the current financial year is winding up, don’t assume that your 2015-16 tax outcome is set in concrete just yet — there are still some legitimate tax planning strategies that can help us...
View ArticleJuly Issue - PPG Monthly Newsletter
Property investors may be missing out on some valuable depreciation items (and did you know sometimes even the humble garden gnome can qualify), so we run over the sorts of assets you may be able to...
View ArticleAugust Issue - PPG Monthly Newsletter
It takes more than gumboots and a kelpie to qualify for some of the tax concessions available to primary producers, so we look at where hobby farms stand with regard to tax. And if you rent a portion...
View ArticleSeptember Issue - PPG Monthly Newsletter
The small business community welcomed the government’s $20,000 instant asset write-off initiative from the last federal budget, but there is an added bonus hidden in the legislation that could open up...
View ArticleLodgment Rates & Thresholds 2016-17
To save you having to laboriously search for the right tax rate or relevant threshold, the essential information is right here in one place. This guide includes tax rates, offset limits and benchmarks,...
View ArticleOctober Issue - PPG Newsletter
A recurrent topic of inquiry when it comes to possible tax deductions is when taxpayers travel to a work location, and the eligibility or otherwise of certain claims for that travel. We unravel the...
View ArticleNovember Issue - PPG Newsletter
If you have the unfortunate consequence of having a tax debt, there are certain steps that can be taken to help ease the pain. We look at the relief available. Sometimes a valuation is necessary for...
View ArticleDecember Issue - PPG Newsletter
With the festive season close at hand, we look at the ways in which the spirit of giving can be extended in a tax effective way. We also look at the details we know so far about the new transfer...
View ArticleFebruary Issue - PPG Newsletter
There is a particular speed hump to negotiate when chasing one of the valuable small business CGT concessions, and that is if the asset involved is “active” as opposed to “passive”. We explain the...
View ArticleMarch Issue - PPG Newsletter
FBT and the provision of cars to employees continues to cause potholes in the road to smooth tax compliance for businesses. We run over the usual FBT return problem areas. Also, as the "sharing...
View ArticleApril Issue - PPG Newsletter
There’s nothing wrong with sourcing certain business assets through peer-to-peer websites like Gumtree or even a Facebook group. It’s when it comes to substantiating a tax claim that these sorts of...
View ArticleMay Issue - PPG Newsletter
There can be capital gains conundrums when sub-dividing the family property, so we run through the typical scenarios to dissect the likely tax outcomes. And another perennial head-scratcher is the...
View ArticleFederal Budget 17-18 Issue
The budget announcements contain a suite of tax and superannuation measures aimed at increasing housing stock and improving housing affordability. While the government has not gone close to clamping...
View ArticleJune Issue - PPG Newsletter
The end of the financial year is in sight, but businesses shouldn’t assume their 2016-17 tax outcome is set in concrete just yet — there are still some legitimate tax planning strategies that can help...
View ArticleJuly Issue - PPG Newsletter
The ATO is on the warpath over incorrect deductions that many taxpayers try to claim for holiday rental properties, so we take a look at the issues that have been grinding the taxman’s gears. And if...
View ArticleAugust Issue - PPG Newsletter
Making claims for travel allowances is a handy deduction for many employees, especially as the ATO has seen fit to make an exception to substantiate these claims in many circumstances. However this...
View ArticleSeptember Issue - PPG Newsletter
The small business CGT concessions can be extremely valuable, but sometimes the complexity of the details can be confusing. We clear up some of the more obscure factors. The rules around LRBAs for...
View ArticleLodgment Rates and Thresholds 2017-18
This special Lodgment Rates and Thresholds 2017-18 edition comprises a set of comprehensive tax rates and thresholds. Please contact us for clarification, or further advice, regarding any of the...
View ArticleOctober Issue - PPG Newsletter
There were a couple of housing-based superannuation contribution proposals contained in this year’s Federal Budget, for which draft legislation has finally been tabled. We run over the finer details...
View ArticleNovember Issue - PPG Newsletter
As it’s getting ever closer to the festive end of the year, we thought it prudent to run over the rules regarding Christmas parties and FBT. And borrowing money from a private company, even if it is...
View ArticleFebruary Issue - PPG Newsletter
For a business owner, the issue of bad debts can be bittersweet — yes you’ve missed out on revenue, but at least there’s some tax relief. We look at the conditions necessary to access such...
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