by Jack Lawrence | Nov 16, 2016 | News
When trustees of a Self-managed Super Fund (SMSF) choose to invest in real estate, there are tax implications. As with any other property investment, SMSF trustees who invest in real estate are entitled to a capital works deduction for the wear and tear on a...
by Jack Lawrence | Nov 2, 2016 | News
Business planning is tough and time consuming… though well worth it. I thought back on my own experience… When I started a business in 2001 I did not have a thorough plan and I came into business as a franchisee and thought the franchisor largely looked...
by Jack Lawrence | Oct 25, 2016 | News
Jack Lawrence Accountants and Advisors recognise the importance that tax depreciation deductions can have on an investor’s cash flow. For this reason we recommend that investors speak with a specialist Quantity Surveyor to ensure their deductions and correct and...
by Jack Lawrence | Oct 18, 2016 | News
The CAPITAL GAINS TAX concessions on selling a business or a business asset for a SME business owner are very compelling! They include: The 50% general CGT Discount for owning an asset for more than a year The 50% active asset reduction The CGT Retirement Exemption...
by Jack Lawrence | Oct 4, 2016 | News
Did you know, if you are earning income from a residential investment property, you may be eligible to claim thousands of dollars in tax deductions for property depreciation? Around 80 per cent of property investors currently don’t maximise their depreciation...
by Jack Lawrence | Sep 14, 2016 | News
I always find it interesting when an idea or a player in an industry changes the game! A couple that come to mind at present is Uber and Merivale in entertainment. Merivale has been around Sydney for decades in the form of Slipp Inn, Angel Place, CBD, Ivy and many...
by Jack Lawrence | Sep 6, 2016 | News
We have all been out and about and heard from friends and colleagues how hard things are under this Government or that Government, or we are still recovering from the GFC… There are plenty of measures out there and Australia usually ranks highly on per capita...
by Jack Lawrence | Aug 26, 2016 | News
Depending on whom you listen to in the media or your friends you could think any green or environmental change is the antithesis of running a viable business and a threat to our lifestyles… More and more consumers and small businesses are embracing...
by Jack Lawrence | Aug 17, 2016 | News
Do you receive income from Uber or AIR BNB? If so you should be declaring it as income in your tax return! Uber does not pay tax on behalf of their drivers and AIR BNB does not pay tax on behalf of their hosts, therefore tax on that income will be payable after you...
by Jack Lawrence | Aug 10, 2016 | News
From 1 July 2016, NSW saw a number of changes to stamp duty. The changes are proposed to help businesses grow by abolishing more than $400 million a year in business tax. SHARE TRANSFER STAMPING AND DUTY ABOLISHED To 30 June 2016 share transfers required stamping and...
