Dear Friends CGH Accounting has enjoyed a wonderful year and Jason & I would like to take this opportunity to thank you all for your continued support. Word of mouth accounts for 95% of our business growth and we are as always very grateful for the continued patronage. Tax time is upon us again and…

How do tax deductions work? When submitting a tax return you are entitled to claim deductions for expenses incurred while working – known as work related deductions. To be able to claim work related deductions you must meet the following criteria: • you must have record to prove it • you must have spent the…

If you’re starting a small business, here’s what you need to do for tax So, you’re setting up a new business and you need to know the tax implications. The first question you’ll need to consider is what structure to use. Do you form a company, or maybe a trust or do you simply set…

ATO targets investment property owners The Australian Tax Office is targeting the 1.8 million people – or about 8% of the population – who own an investment property in 2015. The boom in investment property ownership throws up particular challenges for the ATO, both in making sure that they know exactly who owns what and also…

SUPERANNUATION SHAKE-UP: HOW WILL THE BUDGET AFFECT YOUR RETIREMENT SAVINGS? There were a number of major changes made in the recent Budget which will impact many people. Broadly, the winners are low-income earners and those with lower super balances whilst those with high super balances (or those who hope to make large future contributions based…

There’s less than a month to go until the end of the tax year so now is the time to be thinking about some last minute planning to maximise your refund for the year. So, what should you be doing as we head towards June 30? Running your own business? If so, look to utilise…

Dear Friends CGH Accounting has enjoyed a wonderful year and Jason & I would like to take this opportunity to thank you all for your continued support. Word of mouth accounts for 95% of our business growth and we are as always very grateful for the continued patronage. Tax time is upon us again and…

A lot of people leave their preparation for the end of the financial year until it is too late. If you feel that your finances could do with a shake-up before June 30, there are many tax-effective strategies that you and your CGH accountant and financial adviser can implement now to ensure that the end…

I have incurred travel expenses this year. What can I claim? Your travel must be relevant to your job function for you to be eligible to claim a deduction for those expenses. Where this is the case, and you have the necessary documentation, you can claim the cost of transport and incidentals. If your travel…

It can be fairly traumatic dealing with the CSA! Stay calm. Always. Here is a quote from a client today: “They care not one jot about your kids or whether you have enough to eat, they just want paid. When I pointed out that their claimed arrears would mean I would be unable to pay…