Archive for the ‘ Property ’ Category

What will the ATO focus on this tax season?

For our clients who have investment properties as part of their investment portfolio and are running businesses, this piece by Jessica Jiang of Clarity Tax Consulting, is really informative. As Australians prepare to lodge their tax returns, the ATO reveals, besides keeping a firm eye on work-related expenses, the ATO’s top priority this tax year […]

The Conveyancing Process | Simplified

Wondering what conveyancing is? Well put simply it’s the transfer of ownership of a property from one party to another. Pretty simple right? Sadly, I’d be wrong to believe that. Usually it involves several steps that can get quite complicated. These differ from if you are the party purchasing the property or if you’re selling […]

Managing commercial leases – a whole new world!

On 13 January 2016, the International Accounting Standards Board (IASB) issued IFRS 16 Leases, which essentially does away with operating leases and, subject to limited exceptions, requires all leases to be capitalised on the balance sheet rather than leaving them “off balance sheet” – which is general practice. It will affect most companies that report under […]