Can You Keep Your Cool in a Falling Stock Market?

It seemed timely that I recently read another excellent article by Bruce Jackson (formerly of the Motley Fool but now from The Capital Club) in relation to falling and volatile stock markets.  This article was written on October 12 2018. In the last few weeks, world markets have experienced some wild swings which naturally tests […] Read More

Updating your accounting software

There are a few common questions I’ve been asked lately like ‘do I have to update my software?’, ‘what should I update to’? and ‘What do you recommend?’ I wish there was a solution that fit everyone and I could give a simple answer however that isn’t the case. There are many software solutions out […] Read More

Main residence and non residents

Watch out if you own a house and plan to leave Australia and become a Non Resident! There are proposed new laws before Parliament that make a Non Resident who sells their previous main residence in Australia fully subject to Capital Gains Tax, even if they lived in it for many years. Example:  You bought […] Read More

Retirement – It’s not (just) about the money!

I believe I have written about this topic before, but with the amount of conversations I have been having with many clients and friends on this same subject over the last 12 months, it feels appropriate to raise it again. Retirement usually involves one or a combination of the following: Sale or transfer of a […] Read More

Property Investment Traps for Investors to Avoid

There are always tips and traps to remember when property investing but here are some traps investors should avoid: 1) Lack of Property Maintenance Like any investment, your property and your tenants need to be treated with respect.  If your property falls into a state of disrepair this can result in a multitude of problems.  […] Read More

Sharemarket Volatility

Can you handle the truth?? There have been some amazing swings on the US Sharemarkets’ Dow Jones Index in the last few weeks.  On some days the market has been close to 1,000 pts (approx. 4%) down during a daily trading session. Obviously, the Australian Stock Exchange behaviour tends to mirror what is happening overseas […] Read More

Top 10 tips to help rental property owners avoid common tax mistakes

The following are the ten common mistakes that the ATO have identified with rental property claims: 1. Keeping the right records You must have evidence of your income and expenses so you can claim everything you are entitled to. Capital gains tax may apply when you sell your rental property. So keep records over the […] Read More

Should you buy a holiday house?

A common topic we speak to clients about is about the merits of purchasing your own holiday house.  The start of these conversations are usually based on a recent holiday the clients have been on, where they absolutely love the coastal town they’ve just stayed in but have paid a fortune for holiday accommodation. Client: It […] Read More

Advice for buying or selling property

Are you buying or selling a house, farming land or commercial property? Talk to your accountant now! Recent changes to taxation laws mean that anyone purchasing or selling property may have an obligation to withhold tax, or find that they have tax withheld from their settlement proceeds! The ‘Foreign Resident Capital Gains Withholding’ regime has […] Read More

Buying or Selling a Property in Australia?

The foreign resident capital gains withholding tax rules have been in effect since 1st July 2016. As from this date, Australian residents selling real estate with a market value of more than $2m or more need to apply for a clearance certificate from the Australian Taxation Office (ATO) to ensure the purchaser does not withhold […] Read More