Renovations can boost the capital value and rental yields, but they can also have tax implications. Read on for 5 tax tips when renovating property.
Taxation
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Instant Asset Write-Off Extended to $30,000
If you are looking to purchase an asset for your business, the Instant Asset Write-Off has now been extended to $30,000, advantageous for small and medium businesses.
Changes to Deductions For Non-Compliant Payments
Businesses can only claim payments made to workers where they’ve met the PAYGW obligations. Read on for changes to deductions for non-compliant payments.
Do you provide benefits to your employees?
Fringe benefits tax (FBT) is payable on certain benefits you provide to your employees or their associates. Do you provide benefits to your employees?
Tax warning on overseas income
Do you earn income overseas? You might pay more tax than you thought on foreign income. A tax warning on overseas income has been issued.