Tax Planning

"With quotes from Al Gore Himself" An Inconvenient Truth was a confronting movie about climate change. In the movie Al Gore, “the man who used to be the next president of the United States”, addresses his frustration at telling the world his message and struggling to get...

Div 293 Tax – A Surprise Tax for High Income Earners It is generally understood that Australian taxpayers pay Income Tax based on their Taxable Income. What is less understood are the many additional taxes that high income earners pay. One of those additional charges is...

Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...

There seems to be a general misconception around that tax deductions related to the costs of holding vacant land upon which to build a rental property have been removed. "Deductions for vacant land are still available if you buy vacant land with the intent to build a rental...