ATO Cracks down on Home office expenses
The Tax Office has put tax claims on costs incurred as a direct result of working from home on its radar, in a continuation of its work-related expenses crackdown. The announcement comes after the ATO recently highlighted several small business professions that have a number of tax ‘grey areas’, including…
Read MoreWhat Retirement Living Looks like in 2018
Aussie retirees’ tastes have shifted to lifestyle accommodation featuring onsite chefs and family- and pet-friendly spaces, the founder of a village comparison site has said. Given Australia’s rapidly increasing retiree population, a transparent and easily navigable retirement living sector is critical, the founder of Compare Villages, Jessica Kinnear, told Nest…
Read MoreThe Rules around Gifting & Donations
As we have been fundraising for the RSPCA this month, we thought it timely to touch on the rules around gifts & donations, as well as how you can track these items for tax time. Read on to find out more & access the ATO App to track your deductions!
Read MoreLast Minute Tax Tips for Small Business
Up-to-date records and a range of tax concessions are some of the major items the Tax Office has advised small businesses to consider ahead of tax time. In a tax tips guide for small business, ATO assistant commissioner Mathew Umina said keeping good records will help small businesses to complete and…
Read MoreKeys to De-Stressing a Mortgage
“Don’t sail out farther than you can row back.” This Danish saying is sound advice for anyone thinking of borrowing to buy a home. According to a paper1 for the Centre of Policy Development and University of Canberra, Australians have a tendency to be over-confident in our ability to repay…
Read MoreIt’s Tax Time
It is time to do your 2017/18 tax return. We are your experts for any queries you may have regarding tax & for preparation of your annual Tax Return. Checklist for BusinessChecklist for IndividualsFees for 2017/18 Tax Returns Contact us on 08-8364 5555 today!
Read MoreWhat are the minimum pension payment rules?
When you start a superannuation account-based pension, you must withdraw a minimum amount each financial year to secure a tax exemption for the investment earnings on the fund assets financing your super pension. The minimum pension payment amount, payable for the financial year, is based on your age and the…
Read MoreSuper-Your 2017/18 Guide & making the correct contributions
Substantial changes to the superannuation rules took effect from 1 July 2017: have you investigated how the super changes will affect your superannuation and retirement plans for the 2017/2018 year, and for future financial years? It is also very important to ensure that you make the correct super contributions. At…
Read MoreFirst Home Buyer Super Scheme
Super Opportunity for First Home Buyers Legislation has passed that will enable eligible first home buyers to save for the deposit in the concessionally taxed superannuation system, using the First Home Super Saver Scheme (FHSSS or scheme). This scheme may help participants to accumulate a larger deposit when compared…
Read MoreVehicle Logs
Do you need to re-do your vehicle log book? If not, we need your Odometer reading as at 31st March 2018, so please email greven@greven-co.com.au with your name and your odometer reading so we can update your data and vehicle log. What are the rules for a Vehicle Log Book?…
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Contact Details
| Office Location: | Unit 3A, 15 Fullarton Road, Kent Town SA 5067 Australia |
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| Phone: | +61 8 8364 5555 |
| Fax: | +61 8 8364 5655 |
| Email: | greven@greven-co.com.au |