2015 Federal Budget wrap up

Here’s our 2015 Budget wrap up. Overall we are pleased to see that small business has come out a winner finally (after some of the relief introduced by the previous government that had been squashed by this government have come back).  Looks like the Minister for Small Business is either doing his job or our politicians are realising that Australia no longer rides the on the back of the sheep...

Frequently Asked Questions

Can you help me with my bookkeeping too?  Absolutely if I do your tax returns I can also do your bookkeeping however I do not provide bookkeeping only services to the general public.   I’m a bit behind in my BAS and tax.  Can you help me get up to date?  Absolutely I can and I assure you that you are not alone – in fact we do this all the time.  I know...

The income tax implications of property lease incentives

Lease incentives are commonly used by landlords to entice tenants to enter into a lease. The most common type of lease incentive relates to new tenancies in commercial buildings. These inducements can take many forms, including upfront cash payments, non-cash items such as motor vehicles or boats, expensive paintings, holiday packages, rent-free or rent-discounted periods for the leased premises or for premises in other cities, free fit-out of the...