Our Financial Blog

People's obsession with cars and taxes     The cars. Remember that song in Transformers. Drive? Megan Fox? Well, this post is unfortunately not about that. Taxes instead.     For some reason, people are obsessed with cars and what deductions are...

Bran-gelina's business got "restructured" proper.   Well, people change their minds all their time, right? Of course, we do. It's the human thing to do. Wives leave after 14 years. Even Brad and Angelina have “restructured”.   So, too, a company may opt to...

Some are sitting duck - target practice..   The ATO likes to zero in on some segments sometimes. When they do they are lethal. They are not staffed enough to watch everyone. So, the generic stuff is a bit of a crap shoot. But they can seek and destroy effectively...

Land Tax is going to hurt unless..   Land tax has people screaming murder. For good reason too. It’s pricey. A kick in the guts can’t feel good, right? Painful if not done right. Even you are all SMSF'ed up, with more tax planning than Packer? You never know....

  Tax deductions and general advice on cars   Batman once said, “Chicks dig the car”. For some reason, the ATO doesn’t though. But people are always trying to get something for their cars, in terms of deductions. Well, every year the ATO gives less and less....

  Exploring Director's Loans   The funny thing about director’s loans? Most times business owners don’t even know they are creating one. Many of those are simply the owner forgetting about tax and super obligations and so on. As a result, they raid the...

  How is dividend taxed in Australia?   Many business owners are very confused about Division 7A. I mean, yes, it is evil. And ends up with unpleasant surprises. Forget that yacht. Buy this donut instead. Because you are left with pocket change once Div 7A...

Is it worth claiming a tax deduction on super contributions?   Is superannuation really the last refuge of tax-loop-holism? Well, allow a tax-loop-hologist to guide you through some of it. I could write a book on super and tax deductions, but a) it has been done...

Taxation keeping business owners awake     Prepaid expenses & how it works.   The topic of prepaid expenses is one that offers a kaleidoscope of complications. It can more confusing than a crypto-head trying to explain blockchain to .. well, to...