The end of the 2016/17 financial year is almost here, so now’s the time to review your Tools of Trade and FBT Exempt Items to minimise your tax.
Andrew MartinMay 22, 2017
The end of the 2016/17 financial year is almost here, so now's the time to review your concessional superannuation cap to minimise your tax.
Andrew MartinMay 15, 2017
Last night, Treasurer Scott Morrison handed down the Federal Government’s Budget. Click through to read a full report summarising the tax & accounting measures introduced that will come into effect from 1 July and onwards.
Andrew MartinMay 10, 2017
Property Market Update The month just passed saw something unusual happen. The big four banks, along with most other lenders, raised interest rates. That is not what was unusual. What was unusual was that the rise did not follow any move from the Reserve Bank of Australia. When the RBA meets each month, it sets a target cash rate for interest rates throughout the economy. It then enters the lending markets and buys or sells such that its market rate is achieved. So, if the RBA decides that interest rates need to rise or fall, it involves itself in the…
Andrew MartinMay 4, 2017
Key Taxation dates in May 2017 Date Obligation 15 May 2016 tax returns for all other entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June 2017 concession. Due date for: lodging company and super funds to pay if required. Note: Individuals and trusts in this category to pay as advised on their notice of assessment 21 May Lodge and pay April 2017 monthly activity statement. Final date for appointing a tax agent for an FBT role. You must tell us who your new clients are by this date to make sure…
Andrew MartinApril 27, 2017
MartinCo highlight some common tax deductions that can help you as a business owner.
Andrew MartinApril 21, 2017
You have probably heard the term ‘positive gearing.’ It is a similar concept to negative gearing, which is certainly in the news a lot these days. We use the term ‘gearing’ whenever debt is used to fully or partly finance an investment. If you have $90,000 of your own and borrow $10,000 to buy an investment asset worth $100,000, you have ‘geared’ the investment. Similarly, if you borrow $100,000 to buy an investment worth $100,000, you have ‘geared’ the investment. When you buy an asset, you usually receive some income from the asset. For a property, this income is the…
Andrew MartinApril 13, 2017
As financial advisers, we want you to manage all of your financial affairs as effectively as possible. So, we want to explain a simple but powerful concept that makes sure that any donation you give does as much good as possible.
Andrew MartinApril 6, 2017
Key Taxation dates in April 2017 1 April - New FBT year begins. For entities subject to FBT, please refer to our FBT letter here > 21 April - Due date to lodge and pay monthly activity statements for March 2017 28 April - Due date to lodge and pay quarterly activity statements for the March 2017 quarter (if lodged by client) 28 April - Due date for employers to pay quarter 3 (Jan – Mar) superannuation guarantee contributions (SGC) for employees Please Contact MatinCo for more information >
Andrew MartinMarch 30, 2017
