Labor may implement tax policies of negative gearing restrictions, reduction of the CGT discount, and ending excess dividend imputation if it wins government next year. If you hold any investments you may be subject to Labor’s negative gearing restrictions which would likely be limited to newly-constructed housing. The restrictions would apply on a global basis….

With the next Federal election inevitably occurring sometime next year (possibly in May), it might be a wise time to examine the tax policies that Labor is likely to introduce if it wins the election. If elected, Labor will likely legislate a cap in relation to deductions for the use of accountants. Little detail has…

Being a director of a company comes with many responsibilities, this could soon increase with a government proposal to introduce a “director identification number” (DIN), a unique identifier for each person who consents to being a director. The DIN will permanently be associated with a particular individual even if the directorship with a particular company…

The sharing economy has become a big disrupter in the Australian market. It seems like everyone is getting in on the action of making a little extra money on the side whether it be renting out a spare room, driving for a ride sharing service, or even sharing their cars. It is no surprise then…

Departure Prohibition Orders (DPOs) have long been used as a tool by the government as a way to stop those who owe debts from leaving the country before they pay their debts, even if they are just going on a holiday. It has been used successfully for more than a decade in the enforcement of…

With the 31 October fast approaching, so is the deadline for lodging your tax returns. If you’re making the last-minute scramble to gather all your tax documentation, keep in mind there are some changes in this year’s tax return particularly in relation to rental properties and superannuation. If you own rental property, you should be…

Will my kids

These days it can be natural for kids to stay at home until adulthood. Our 7 tips can help ensure your own goals don’t pay the price. If you were expecting to have the house to yourself once your kids reached a certain age, you may have to adjust your expectations.  Because for Generation Y—or…

Economic Update

Market and Economic Overview Australia The RBA left the official cash rate on hold at 2% at its meeting on 1 September 2015 where it has remained since May this year. In making its decision the Board noted that “the global economy is expanding at a moderate pace, with some further softening in conditions in…

estate planning essentials

We’ve all heard the terms “estate plan”, “will” and “trust”,  however not everyone understands what they mean. Estate planning is the process of putting in place structures to ensure that the wealth you have accumulated over your lifetime is transferred to your beneficiaries in a tax-effective manner and in accordance with your wishes. A will…

Many couples dream of sharing a life of leisure together. But what happens when things get out of sync? When we think of retirement, we often imagine a happy couple strolling hand in hand on the beach. But even if you and your partner are similar ages, chances are you won’t retire at the same…

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