Tony's Tax Advice

Tony's Tax Advice

How to Accelerate the Arrival of Your Next Tax Refund

If you have taxes deducted at source by your employer, then you may find that you pay more money during the course of the year than you were actually supposed to. Don't worry, because many people fall into this situation and will, invariably, need to apply for a refund. You may certainly be looking forward to this "windfall" and want to get it without any hassle, but

What Can You Claim as Allowable Expenses When Running Your New Limited Company?

Start-up businesses must prioritise good management of costs. They must seek to maximise revenues so that they have enough reserves to keep them going when things get tough. You should start by focusing on your tax liability by taking advantage of all the tax incentives that tax authorities give you. Allowable business expenses are the best place to start if you want

How to Account for Rental Property Assets Correctly

In order to take full advantage of any rental income from an investment property, you've got to capitalise on your tax position. The ATO does help, as it allows you to claim a certain amount for depreciation each year for not just the property itself, but the fixtures and fittings contained within. As you may expect, there are a number of rules and regulations, and th

Why You May Still Be Liable for Tax Even If You're Overseas

While Australia is one of the top destinations for migrants, a native may sometimes look in the other direction and think about moving away to take advantage of new opportunities. If you're in this situation, then you may be strongly considering a move to another country, which may have the advantage of low tax policies. Many people in recent years have been drawn tow