Let’s face it, everyone likes to give a gift to a loved one now and then. From some dollars in a birthday card, to a car for your son or daughter - the possibilities are endless. However, depending on the type of gift, and more specifically, to whom the gift...
Category: Knowledgehub
Personal Services Income vs Business Income
Personal Services Income vs Business income - what’s the difference and what personal services income deductions can I claim? To explain this, we have to first dive into something called ‘substance over form’. Why? Well, one of the most fundamental cornerstones of Australian taxation law is that of ‘substance over...
What is Negative Gearing? Everything you need to know
Despite the fact ‘negative gearing’ sounds like something that should be used on an episode of Star Trek, it is in fact a much more down to earth tool that many Australians regularly use when managing an investment. So, what is negative gearing? Negative gearing occurs when expenses associated with...
What is a Chartered Accountant and why should you use one?
Firstly, you’ve probably guessed by now that we love accountancy, it’s our thing! But we also love helping businesses no matter their size, learn and understand about what we do and how we do it, so they’re able to make more informed choices that drive business growth. You may have...
Company Director: Your Responsibilities & Duties
Let’s face it, having a business card with Company Director on it is a pretty nice thing to have – a bit like an office door you can walk out of that’s marked private, it’s something that carries a certain je ne sais quoi (as our French friends would say)....