10 Most Commonly Asked Questions During Tax Season
The vast majority of individual taxpayers in Australia complete and lodge their income tax returns each year between 1 July and 31 October. In the world of tax and accounting, this four month period is often referred to as tax season. While most taxpayers who lodge through registered tax agents have deadlines that stretch well […]
More On Building A Better Budget
Our blog on How To Avoid The Budget Blues attracted a lot of interest. This is an encouraging response. It’s obvious that many people realise just how important completing – and monitoring – a budget is as part of an overall business and financial plan. For those who are about to tackle or revisit their budgets, […]
How To Avoid The Budget Blues
A budget is the basic building block of every financial plan. Whether you are a business, individual employee, investor or a family – you need to now how much income you earn, plus the expenses and other priorities that need to be covered. Incomings that exceed outgoings provide surplus cash for saving or reducing debt. […]
Take Financial Stock Before Cancelling Policies
Comment by Brad Peters BA, MBA, FCPA (FPS) Senior Adviser and Director – Affinitas Financial Planning The recent Haynes Royal Commission is to be commended for highlighting some concerning things that have been occurring in the banking, financial planning and insurance industries. But in the midst of all the negative reports, try not to lose […]
Media Release: Agilis has been shortlisted for 10 awards in the SMSF & Accounting Awards
AGILISCA has again been shortlisted for SMSF and Accounting Awards in 2018
Can I Claim Travel Tax Deductions For A Holiday?
There is often a lot of confusion surrounding travel costs and whether or not they are deductible on a tax return. Some clients believe a particular form of travel is deductible when it is not allowable. Others do not realise that they have travel expenses that could be claimed. There are many twists and turns […]
$20, 000 Instant Asset Write-Off Extended
The popular $20, 000 Instant Asset Write-Off has officially been extended until June 30, 2019. If you’re an Australian small business turning over less than $10 million, you’ve been given another 12 months to take advantage of the scheme. The Government states that the extra 12 months of the scheme will “improve cash flow for […]
Is Your Contractor Really A Contractor?
Just saying someone is working for you as a contractor, even if both parties agree, is not enough to prove this legal relationship. Learn the difference between a contractor and an employee with this guide to the seven contractor warning signs. There are complex rules surrounding whether a worker is an employee or independent contractor. […]
The Real Cost Of Owning Your Rental Property
Get the real cost lowdown on your rental property with this guide from Affinitas’ resident finance expert Tanya. The long term goal of every investment asset should be to return a profit over an appropriate time frame. In the case of property, because of the high transaction costs to enter and exit the investment, the […]
Why Isn’t My Tax Return Equal To The Deductions I Claimed?
Why Don’t I Get Back Dollar for Dollar? Every year, we field heaps of questions from new and returning clients about their tax returns. One of the most common each tax season is— why don’t the tax deductions I claim equal the refund I get? Turns out, the answer is simple: tax deductions bring down […]
