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Category: Articles & Newsletters

The Top Five Most Overlooked Tax Deductions

An employee searches for overlooked tax deductions to maximise his tax return

Boost your tax return this year with the top five most overlooked tax deductions. When it comes to your yearly tax refund it pays to remember that every little bit helps! While each extra deduction  may be relatively small, in total they add a significant boost to your refund. For someone earning $50,000 per year, […]

Making sense of the Super Reforms

Understanding the Superannuation Reforms If you are waiting for the Australian superannuation reforms announced in the Budget to pass Parliament before working out what they mean to you, you might miss out on any opportunities available. When enacted, the reforms will represent the single biggest change to superannuation since its inception. While there has been […]

The Tax Chooks – Rental Property Reporting

Don’t get things wrong with your Rental Property Reporting Declare all rental property income in your tax return Claim expenses! Claim depreciation on building and fixtures Get in touch with Affinitas Accounting for your rental property Depreciation Reports and Deduction Checklists

Client of the Quarter April – June

At Affinitas Accounting we like to share and celebrate our clients success. Congratulations to Russell and Tracey from Garry’s Mechanical Repair on being our clients of the quarter!

Do depreciation deductions apply to you?

Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property. Most investors are aware of some of the deductions they are entitled to. For example they know they can claim their property manager’s fees, Council rates, and any repairs and maintenance costs. However, all […]

Newsletter June 2016

Tax Time in the Shadow of Federal Election Tax time 2016 starts with a Federal Election on July 2, but most of the campaign tax promises and changes will not start until 2017.