Changes to Queensland Land Tax Shelved!
Thursday, 13 October 2022
Further to our article published a few weeks ago, ‘Queensland Land Tax Changes – Are you Affected?’, there has been some recent developments in this area. During the recent Prime Ministers National Cabinet Meeting in Canberra, it is reported that the Premier learned that the other states were not going to provide assistance as
- Published in Walshs Blog
Being Prepared to Move into Private Practice
Friday, 30 September 2022
If you’re considering a move into private practice, the process can certainly be a daunting prospect. There are many decisions to make, including the navigation of any financial pitfalls and long term planning to ensure financial success. Whether it’s starting with the right business structure, finding funding to establish your rooms, or protecting your growing
- Published in Walshs Blog
Establishing rooms? Do it well, and you’ll be primed for success!
Tuesday, 27 September 2022
Are you considering establishing your own private practice? There are a number of general and professional factors to cover to ensure you get it right. Julian Muldoon, Director and Founding Partner of 1Group Property Advisory provides us with some key considerations to think about when it comes to this big decision. There’s an incredibly important
- Published in Walshs Blog
Queensland Land Tax Changes – Are you Affected?
Wednesday, 14 September 2022
From 30 June 2023, the way Queensland Land Tax is calculated will change. What is changing, what is not changing, and who will this affect? For answers to these questions and more – read on. What is land tax? Land tax is a state tax and currently calculated on the freehold land you owned
- Published in Walshs Blog
Undertaking Property Development Projects
Monday, 05 September 2022
It is becoming increasingly popular for clients to buy property, subdivide and/or rebuild and then on-sell the property. The tax implications that result from these transactions can vary depending on the type of project undertaken, so careful consideration needs to be given to the factors that indicate the intention of the transaction/s. There are three
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Due Diligence – Buying into a Medical Practice
Monday, 01 August 2022
Buying into a Medical Practice partly or wholly can be a very daunting task which is generally capital intensive, but when performed correctly it can create a great investment vehicle which will continue to provide community health for future generations. The purpose of completing a due diligence is to confirm the facts provided by the
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Superannuation Update Winter 2022
Tuesday, 26 July 2022
July 2022 saw a number of changes to the superannuation rules and many will have a positive outcome for members of superannuation funds. The changes were announced and legislated by the Morrison government so it’s important to note that the new government will be delivering its first Budget in October 2022. The superannuation tax concessions could be
- Published in Walshs Blog
Starting Out in Medical Practice Ownership
Tuesday, 28 June 2022
If you are considering taking the plunge into the world of medical practice ownership, knowing where to start can be the biggest challenge. Whether you are looking to buy in, take over or start a medical practice from scratch, Walshs specialises in the medical accounting and financial planning space and can help you make sense
- Published in Walshs Blog
Taxation of Electricity for Electric Vehicles
Tuesday, 21 June 2022
With fuel prices on the rise, along with a global environmental awareness, the electric vehicle market in Australia has seen an exponential growth. For small business owners where business vehicles are a common asset with sizable deductions, it is important to know the differences between what can be claimed for a motor vehicle (MV) and
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Salary Packaging
Tuesday, 07 June 2022
Salary Packaging provides you with a method of using pre-tax funds to pay for certain items with an eligible employer. If you work for a public benevolent organisation, you may be eligible for this benefit (e.g. Public Health, Research Institutes, etc.) What are the benefits Instead of your income being taxed, coming to you, and
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Tax Planning – Rental Property Expenses & Deductions
Tuesday, 24 May 2022
With the end of the financial year upon us, it’s a good time for rental property owners to look at different types of rental expenses and deductions. This can help to avoid common tax mistakes and save you time and money. In 2019–20, over 1.8 million Australians owned rental properties and claimed $38 billion in
- Published in Walshs Blog
Rental Yield – What is it and how to calculate it
Thursday, 12 May 2022
Do you own an investment property or are you looking to acquire one? Have you considered what return this investment may yield? If you are considering property as an investment, or if you currently own one, you may have already wondered what returns you might expect from your investment. One simple way to measure
- Published in Walshs Blog
