Steven Rider CPA, Author at Steven Rider Property Accountant

ATO data-matching for motor vehicle registrationsATO data-matching for motor vehicle registrations

27/07/2023 Steven Rider CPA 0 Comments

The ATO has gazetted a notice of a data-matching program – Motor vehicle registrations 2022-23 to2024-25 – which will enable it to continue to acquire motor vehicle registry data from the eight Stateand Territory motor vehicle registry authorities for this period. It will risk profile taxpayers buying, sellingor acquiring motor{...}

Property Accounting

The little-known tax breaks that could boost your superThe little-known tax breaks that could boost your super

29/06/2023 Steven Rider CPA 0 Comments

The new financial year is almost upon us: it might be time to look into the often-overlooked tax breaks you could get by contributing extra to your superannuation. Tax breaks on retirement savings do not attract nearly the same attention as tax breaks on the family home, leaving many –{...}

Property Accounting

Small business technology investment boostSmall business technology investment boost

28/06/2023 Steven Rider CPA 0 Comments

Check if you can claim a 20% bonus deduction on technology expenditure to help digitise your small business. About the boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction to support their digital operations and digitise their operations. The{...}

Property Accounting

Cryptocurrency space in desperate need of further tax guidanceCryptocurrency space in desperate need of further tax guidance

23/06/2023 Steven Rider CPA 0 Comments

Grey areas surrounding the tax treatment of cryptocurrency assets is causing major headaches for both accountants and taxpayers dealing with these types of assets, says a specialist accounting firm. Accountants specialising in the cryptocurrency space are facing significant challenges in navigating the tax framework due to a severe lack of{...}

Property Accounting

ATO Focus Areas for 2023 and How a CPA Can HelpATO Focus Areas for 2023 and How a CPA Can Help

23/06/2023 Steven Rider CPA 0 Comments

The ATO is maintaining its focus on work‑related expenses and rental property deductions this year. Cryptocurrency and private use of business assets are also mentioned regularly. With a revised fixed rate of 67 cents per hour for working from home (WFH) expenses from 2022-2023, the ATO is expected to check that taxpayers are using{...}

Property Accounting

Chattel mortgage vs hire purchase: how do they compare?Chattel mortgage vs hire purchase: how do they compare?

14/06/2023 Steven Rider CPA 0 Comments

As any Aussie business owner might know, purchasing vehicles outright isn’t usually the go-to option from either an accounting perspective or in terms of getting tax deductions. Businesses often prefer a vehicle financing arrangement, but there are other choices to consider for any business owners looking to go down this path. For{...}

Property Accounting

Top 10 tips to help rental property owners avoid common tax mistakesTop 10 tips to help rental property owners avoid common tax mistakes

17/05/2023 Steven Rider CPA 0 Comments

To access or download a copy of the ATO fact sheet in portable document format (PDF), see Top 10 tips to help rental property owners avoid common tax mistakes (PDF, 215KB)This link will download a file. Whether you use Rider Accoutants & Advisors as your tax agent or choose to lodge{...}

Property Accounting

LANDLORDS CLAIM DODGY TAX DEDUCTIONSLANDLORDS CLAIM DODGY TAX DEDUCTIONS

14/05/2023 Steven Rider CPA 0 Comments

The Australian Taxation Office will crack down on landlords’ dodgy deductions, after a review found nearly nine out of 10 landlords made mistakes on their annual returns and incorrectly claimed expenses. People claiming tax deductions for working from home will also come under the microscope, as will people who earn{...}

Property Accounting

Residential Property and GSTResidential Property and GST

03/05/2023 Steven Rider CPA 0 Comments

Except from an ATO Post About How GST might affect your property transaction Residential property Find out what are the GST obligations for new and existing residential properties. On this page Overview GST only applies to the sale of certain property types if the seller (vendor) is registered or required{...}

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