Defy Gunadi's Posts
Are you a doctor, IT consultant, Engineer or professional operating through an interposed entity such as a company or trust, often referred to as a service entity, that receives income from your employer? If so, this article is a must-read to help you understand the latest ATO alert and avoid falling foul of Part IVA. […]
With the 2024 Melbourne Cup behind us, it’s time to prepare for the next major celebration: the Christmas party. As we head into the holiday season and wrap up end-of-year business activities, it’s essential for business owners to consider the Fringe Benefits Tax (FBT) implications for the 2025 FBT year. This applies not only to […]
At Investax, many of our clients ask whether they can claim tax deductions on interest when purchasing vacant land, building a new house, or knocking down and rebuilding an investment property. The rules around this can be complex, especially with recent changes to tax laws. In this article, we’ll break down the key rules outlined […]
As a general rule, employers must report to the Australian Taxation Office (ATO) if they provide employees with shares at a discounted rate. Most Australian employers are diligent about this reporting, but occasionally foreign employers with Australian subsidiaries make mistakes, leaving their employees to deal with the fallout. Initially, I hesitated to write about Employee […]
These days, many property investors—and even some professionals—consider themselves property tax specialists. It’s easy to assume that property investment tax is straightforward, particularly if you own a single property with a simple loan structure. However, when you begin to expand your portfolio, add multiple properties, or introduce complex ownership structures, property tax can quickly become […]
The Australian Taxation Office (ATO) has recently issued a cautionary notice to all tax agents, highlighting the increased focus on work-from-home expenses for the 2024 tax year. The ATO has informed tax agents that they may receive review notifications for some of their clients based on the already lodged tax returns for the 2024 financial […]
Lodging a tax return can be a complex process, and even small mistakes can lead to significant complications, delays, and potential penalties. Many taxpayers inadvertently make errors that can trigger audits by the Australian Taxation Office (ATO) or result in disallowed claims. From providing incorrect bank account details to misreporting income and overestimating deductions, these […]
Work-related car expenses can often be confusing, with the task of keeping receipts, maintaining a logbook, and tracking mileage in a diary being particularly daunting for many taxpayers. Consequently, many individuals seek our guidance to understand the intricacies of what can and cannot be claimed. In this article, we will comprehensively summarize the allowable and […]
As the 2024 financial year comes to a close, property investors in Australia are navigating a landscape filled with both challenges and opportunities. With rising inflation and high interest rates driven by the Reserve Bank’s economic measures, financial pressures are mounting. Additionally, the shift from interest-only loans to principal-and-interest repayments is significantly increasing loan commitments, […]