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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: Childcare

Costs incurred by an employer in providing recreational facilities for employees on the employer’s business premises...
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Tax Insights
Business 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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Tax Insights
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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 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: 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: 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 5, 2015
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Andrew Lovett

Question:

Save Tax: Meals and refreshments

You can claim a deduction for the cost of tea, coffee and light lunches provided to employees on the work premises during working hours.
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March 5, 2015
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Andrew Lovett

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Save Tax: Incorporation

Are you running a profitable business and suffering high personal marginal tax rates?...
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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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Save Tax
Plan Succession
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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: 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: 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: Travel - accompanying persons

If you travel overseas on business but also with your spouse you must apportion the travel costs.
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February 24, 2015
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Andrew Lovett

Question:

Board of Taxation report on reducing red tape

In January, the Board of Taxation released its report on removing taxation impediments to the success and growth of small business.
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February 24, 2015
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Andrew Lovett

Question:

Land tax: State governments crackdown on principal place of residence exemption

A NSW couple has lost their Supreme Court case and have to pay land tax and penalties on a property that...
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Tax Insights
Business Insights
Personal Tax
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February 24, 2015
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Andrew Lovett

Question:

Fringe Benefits Tax – Airline tickets

The provision by an Airline of Airline tickets to their own or other Airline’s employees or employees of travel agents, is a fringe benefit...
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International Business
Business Insights
Tax Insights
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February 24, 2015
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Andrew Lovett

Question:

Channel Seven takes on the Tax Office and wins

The Taxation Administration Act requires taxpayers paying royalties overseas to deduct withholding tax from those royalties.
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Tax Insights

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

Consulting Accountants  .  Taxation Specialists  . Business Improvement