Coronavirus Resources and Tips for Small Businesses 16th March, 2020 The outbreak of the coronavirus (COVID-19) poses a major threat to the health and well-being of the global community and a significant challenge for business. As our governments and health authorities meet daily to assess the latest information, businesses also need to act & put...
Government announces stimulus package in response to the Coronavirus As you may be aware, the Government has just released its stimulus package in response to the Coronavirus outbreak. In the link below is a summary of the stimulus package prepared by the CPA. To access the CPA’s summary, please click the below link.
Government Stimulus Round 1 Firstly we’d like to apologise for the number of emails you may be receiving from Vantage at this time. We find ourselves in unchartered territory but we’d like to think that generally we only email our clients in relation to important news/events. We suspect this won’t be the last of our...
Government Stimulus Round 2 Well it was inevitable that we would be sending out another update around Covid -19 and any additional stimulus. We again suspect that this won’t be the last email regarding government stimulus. As your advisers, we will endeavour to ensure that any eligible tax & business oriented assistance offered is communicated...
Investment Properties and Depreciation deductions We see it countless times where new clients with pre-existing investment properties haven’t claimed the depreciation they are entitled to. Perhaps second only to interest expenses, depreciation can be the next largest expense. Depreciation expense differs to the other form of deductible expenses in that it is a claim calculated...
Payroll Tax – How is it justified ? Every Prime Minister, Premier or Opposition Leader preaches how they are all about creating and focusing on “jobs, jobs, jobs.” You hear it at every election and thereafter. We agree that it should be the primary focus of any government, as a healthy employment level generates other...
Victorian Land tax – Another out of date state based tax Negative gearing is now the new hot topic. Property prices have been rising for over a decade now, but negative gearing has suddenly become the main reason. Why ? Politically the Labor government see it as a point of difference and a vote winner....
Negative Gearing Negative gearing is now the new hot topic. Property prices have been rising for over a decade now, but negative gearing has suddenly become the main reason. Why ? Politically the Labor government see it as a point of difference and a vote winner. Who doesn’t want to see lower house prices in...
Denying travel claims to investment property owners Seems the Federal Government couldn’t help itself in having a go at residential property investors in the recent federal budget. It is proposed that property investors will no longer be able to claim travel expenses for inspecting their properties. With over 20 years of experience in preparing tax...
Using your existing superannuation to acquire property. Many people are unaware that they can use their superannuation to acquire residential or commercial property. Whilst many don’t have enough in superannuation to do this, the laws allow you to borrow the funds, subject to banking lending ratios and your own personal circumstances. Your existing superannuation balance...
