tax Archives - Page 2 of 2 - Steven Rider Property Accountant

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{...}

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

Airbnb and TaxAirbnb and Tax

16/09/2022 Steven Rider 0 Comments

Today in Australian and around the world, many people are renting out all or some of their house, farm or apartment through Airbnb and want to know how the Australian Tax Office (ATO) might apply tax treatment to those transactions. Until recently there hasn’t been a lot of ATO guidance{...}

Property Accounting

New airdrop tax guidance in AustraliaNew airdrop tax guidance in Australia

12/09/2022 admin 0 Comments

The ATO has recently updated its website guidance on Airdrops in a positive way for Australian taxpayers. The previous guidance was that an airdrop of an ‘established token’ is taxable, with no further information on the definition of an ‘established token’. Equally, there was no guidance on how a ‘non-established token’ airdrop would be{...}

Property Accounting

Tax Incentives for Small Business Digital AdoptionTax Incentives for Small Business Digital Adoption

09/09/2022 admin 0 Comments

Boosting small business investment in skills and technology After months of uncertainty, the recent release of draft legislation on the proposed small business boosts confirms the new Government’s commitment to progressing these tax incentives announced by the previous government on 29 March 2022 as part of the Federal Budget 2022–23.{...}

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