Testamentary trusts: the benefits and considerations
Friday, 14 June 2019
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default”][vc_column_text] Benefits of using a testamentary trust Testamentary trusts are established under a valid will to provide a greater level of control over the distribution of assets to beneficiaries. Not only do testamentary trusts provide tax advantages, they can also be an
- Published in Uncategorized
Post election state of play
Friday, 31 May 2019
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default”][vc_column_text]With the federal election now well behind us, Simon Farmer from Walshs takes time to reflect on what a re-elected coalition government will mean for Qld surgeons. Taxation changes under the current government will be minimal in the immediate future, their focus
- Published in Articles, Business, Walshs Blog
Election 2019 : A comparison of the key policies and promises
Sunday, 12 May 2019
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”2/3″ tablet_text_alignment=”default” phone_text_alignment=”default”][vc_column_text]With less than a week to go until Australians hit the polling booths, Simon Farmer and Michael Walsh have summarised the key policies announced by the Labor and Coalition parties, including how these might impact specifically on our clients. Watch the video,
- Published in Articles, Walshs Blog
Superannuation strategies for the end of the financial year
Tuesday, 30 April 2019
As the end of the financial year approaches, now is an ideal time to think about ways that you could grow your superannuation. Here are some strategies you can consider that will enable you to streamline your finances while also seeking some generous tax breaks. Concessional contributions: Also known as before-tax contributions, these are the
- Published in Articles, Business, Walshs Blog
End of financial year guide
Monday, 29 April 2019
Maximise your tax deductions for the 2018-19 financial year by planning and reviewing your records. Here are top tips for businesses and individuals when it comes to year-end tax planning: Small business CGT concessions Individuals operating a small business may be eligible for capital gains tax (CGT) concessions on the sale of business assets. The
- Published in Articles, Business, Walshs Blog
Tax Tips for Property Investors
Monday, 29 April 2019
Owning an investment property can provide great benefits, including additional income and entitlement to tax deductions. The ATO has an increased audit focus on investment properties for the 2018-19 financial year and is expected to audit 4,500 rental property owners. Now is the time for property investors to take advantage of tax strategies available to
- Published in Articles, Business, Walshs Blog
Further extensions for Instant Asset Write-Off
Monday, 29 April 2019
The Instant Asset Write-Off Scheme has been extended to 30 June 2020 for assets purchased under $30,000. The scheme affects small to medium businesses with a turnover of up to $50 million a year, allowing business owners to immediately deduct assets costing up to $30,000 which can then be claimed in their tax return in
- Published in Articles, Business, Walshs Blog
Scam warning from the ATO
Friday, 08 March 2019
Scammers have developed a different tactic over the New Year to impersonate the ATO. Perpetrators are using an ATO number to send SMS messages to taxpayers, asking them to click on a link and hand over their personal details. The ATO received many reports in 2018 of scammers manipulating call identification so the phone number
- Published in Walshs Blog
Tax traps the ATO is watching
Friday, 08 March 2019
The ATO often focuses on specific behaviours, characteristics and tax issues that are suspicious and can lead to investigations. Due to enhancements in technology, the ATO has expanded its data matching capabilities which have improved the ability to identify incorrect reporting in tax returns. The ATO has released a list of behaviours and characteristics that
- Published in Walshs Blog
Instant asset write-off for small businesses to be extended and increased
Friday, 08 March 2019
The Instant Asset Write-Off Scheme will be extended to 30 June 2020 for assets purchased under $25,000. The Instant Asset Write-Off affects small businesses with a turnover of up to $10 million a year. It allows business owners to immediately deduct assets costing up to $25,000 which can then be claimed for tax return in
- Published in Walshs Blog
Making the most of your depreciation claims
Friday, 08 March 2019
Depreciation schedules greatly aid your investment in property by helping to maximise on your tax deductions.o receive legitimate deductions, you will need a qualified person such as a quantity surveyor, project organiser or supervising architect to undertake an onsite inspection of the property and compile a depreciation schedule based on this visit. Estimates of tax
- Published in Walshs Blog
Walk with Walshs 2019 registrations are now open
Tuesday, 12 February 2019
Walk with Walshs 2019 registrations are open. Join Walshs Practice in supporting the Leukaemia Foundation on a two-day 55km guided hike through the Sunshine Coast Hinterland. You can register, donate or find out more about Walk with Walshs 2019 here. Walshs’ CEO Michael Walsh said last year the Walk with Walshs team raised more than $20,000
- Published in Walshs Blog
