admin, Author at Rider Accountants & Mortgage Brokers

Does Your Accountant Claim Scrapping after Renovation?Does Your Accountant Claim Scrapping after Renovation?

30/04/2024 admin 0 Comments

Scrapping is another benefit that comes from a renovation of your investment property. The removal and disposal of any potentially depreciable works of assets from an investment property can unlock additional deductions. The scrap[ping value is essentially the unclaimed or undeducted depreciable value of an asset at the time of{...}

Property Accounting

Tax and your Australian Holiday HomeTax and your Australian Holiday Home

12/01/2024 admin 0 Comments

For many Australians, a beach house or a country retreat is the ultimate lifestyle purchase but given the potentially substantial costs involved, often the only way to make it pay is to rent your holiday pad out to the public for part or all of the year. Any income you{...}

Property Rental

POST-SALE INTEREST FOR RENTAL PROPERTIESPOST-SALE INTEREST FOR RENTAL PROPERTIES

25/09/2023 admin 0 Comments

Post-cessation interest for rental properties (i.e., Loan Shortfalls) and the Vacant Land Rule In some circumstances, the sale proceeds from an income-producing property may not be sufficient to fully pay off the loan which the taxpayer borrowed for acquiring the property; which means the taxpayer will continue to be charged{...}

Airbnb Housing

New 7.5% Airbnb tax in VictoriaNew 7.5% Airbnb tax in Victoria

20/09/2023 admin 0 Comments

Andrews unveils 7.5pc Airbnb levy in housing shake-up The Victorian government has unveiled a “long-term” plan to improve housing supply and affordability in the state through 30 new initiatives, Premier Daniel Andrews has said. Among the initiatives is a target to build 800,000 new homes over 10 years – 80,000{...}

Property Accounting

FBT Free Employee BenefitsFBT Free Employee Benefits

26/04/2023 admin 0 Comments

Rewarding employees Accounting professionals are well placed to help clients offer FBT-exempt benefits to their staff. Examples include: Private use of an electric car that was both held and used on or after 1 July 2022 and wasn’t subject to luxury car tax (among other conditions). Portable electronic devices that{...}

Property Accounting

Uber and Ride Share TaxUber and Ride Share Tax

26/04/2023 admin 0 Comments

Australian rideshare tax requirements As a driver-partner, you independently provide transportation services. You are not an employee of Uber and will be responsible for reporting and paying any applicable tax or GST earned from your trips with Uber to the Australian Tax Office (ATO). Uber does not withhold or file{...}

Property Accounting

3 reasons why you should have a CPA complete your BAS3 reasons why you should have a CPA complete your BAS

20/10/2022 admin 0 Comments

Whether to hire a professional to handle your accounting and tax is not an easy decision. However, when the tax times come around, it can be daunting for business owners. In this blog, we’ll cover the business activity statement (BAS) and 3 reasons why getting your BAS professionally done is{...}

Property Accounting

Tax Ombudsman discovers something ‘weird’ about self-filersTax Ombudsman discovers something ‘weird’ about self-filers

10/10/2022 admin 0 Comments

Tom McIlroy Political reporter Oct 10, 2022 – Source: Australian Financial Review Thousands of Australians do their own tax and then object to the result, a phenomenon the Tax Ombudsman has described as “weird”. Australians lodging their own annual tax return are the source of more than half the complaints{...}

Property Accounting

Apps to help solve four of your business pain pointsApps to help solve four of your business pain points

29/09/2022 admin 0 Comments

Apps can help automate your admin, generate you insights, manage your day-to-day operations and give you access to deep analytics for smarter business decisions. Here are some of the most popular apps in the Xero App Store that help tackle some common business needs. Apps to help solve four of{...}

Property Accounting

Xero changes Authentication RulesXero changes Authentication Rules

29/09/2022 admin 0 Comments

Changes to multi-factor authentication are coming for Australian customers Over the last few years, our lives – and businesses across the world – have moved online at a rapid pace. Unfortunately, cybercriminals have followed and are using new, digital methods to target Australians. At Xero, we are custodians of your{...}

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