Category: Tax

If you were lucky enough to be working in the 80’s and 90’s, you may have enjoyed many a ‘business expensed’ boozy lunch with clients or staff members. And while those days are not gone for good, the rules, like the hairstyles of the era, have moved on. Today, as...

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...

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...

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...