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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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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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Tax Insights
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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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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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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
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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: 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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February 24, 2015
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Andrew Lovett

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Cutting costs and disputes about valuations

Valuations of assets and businesses are frequently needed for taxation purposes.
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Business Insights
Tax Insights
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February 24, 2015
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Andrew Lovett

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Empire building still in operation

The Australian Charities and Not-for-profits Commission (ACNC) has revoked the registration of 392 charities who have not completed and lodged outstanding Annual Information Statements.
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Business Insights
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February 24, 2015
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Andrew Lovett

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Taxpayer wins against Tax Office

Revenue laws are deliberately framed to advantage the revenue collector –the Tax Office.
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Tax Insights
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February 24, 2015
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Andrew Lovett

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Tax complaints to be heard by the Inspector-General of Taxation

Currently, if you want to complain about the treatment you have received from the Tax Office, you can go to the Commonwealth Ombudsman...
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Tax Insights

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

Consulting Accountants  .  Taxation Specialists  . Business Improvement