by Team Garnet | Jun 9, 2021 | Investments, Tax News
Rental property owners beware, the ATO has commenced 2 data-matching programs designed to obtain a myriad of information to ensure that various income tax reporting obligations have been met. Specifically, the ATO will run a new data-matching program to collect...
by Team Garnet | Apr 29, 2021 | Investments, Tax News
Many of you have heard of family trusts, but perhaps don’t know too much about their benefits and how they differ from the usual non-fixed trusts. Essentially, a family trust is a trust where the trustee has made a valid family trust election (FTE) for tax purposes....
by Team Garnet | Apr 21, 2021 | Tax News
Did you use to do a lot of travelling for work… before everything changed last year? As we move to a post-COVID world where borders, both domestic and international, start to open back up, the issue of deductibility of certain business travel expenses are again...
by Team Garnet | Apr 7, 2021 | Investments, Tax News
What are capital works deductions? Understanding tax depreciation lingo can sometimes be confusing but as an investor, it’s important that you have a good understanding of the depreciation deductions you can claim to ensure you’re getting the most out of your...
by Team Garnet | Apr 2, 2018 | Tax News
Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long term...
