Clayton 
Clayton has run Business Edge Advisors since 2013. The practice has been on the border since 1988, and he took it over with the same idea it started with: a business owner should be able to ring their accountant and get a straight answer.
Most of his week goes on trade and small business owners around Albury and Wodonga, working through the things that actually decide whether a year went well. What structure to be in, what to do before 30 June, and whether the numbers on the screen mean what the owner thinks they mean. He writes here about the questions that come up most often, in the same words he would use across the desk.
Registered Tax Agent 20651000. Level 1, 561 Olive Street, Albury NSW 2640.
The winds of change are blowing for property investors in the realm of short-term rentals. If you’ve capitalized on the short-term rental trend or have been keeping your properties vacant, there’s an upcoming tax shakeup that’s worth your attention. The Victorian Government has recently announced Australia’s premier short-stay property tax, set to come into effect … Read more
Want to give your business an energy-efficient boost? Read on to find out how! 🌍 The Future is Electric Gone are the days of gas and fossil fuels. The spotlight is now on electricity and energy efficiency. The government has introduced an incentive to help businesses shift towards cleaner energy solutions. 💰 What’s the Deal? … Read more
With the Australian Taxation Office (ATO) revealing that a staggering 90% of rental property owners have inaccuracies in their tax returns, it’s crucial for owners and practitioners to be meticulous this tax season. The ATO continues to intensify its focus on rental properties, emphasizing the importance of compliance with tax obligations. Inclusive Rental Income Reporting … Read more
What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the needs of the community as we grow and evolve. It … Read more
In a scandal that shook the nation, the TikTok tax fraud saw a staggering $1.7 billion paid out in fraudulent refunds, with an additional $2.7 billion in fraudulent claims halted in their tracks. With around 56,000 alleged perpetrators and over 100 arrests to date, how did this scandal spiral out of control? A Victimless Hack? … Read more
The ATO has issued a final determination dealing with the luxury car tax (LCT) system that explains how to determine the principal purpose of a vehicle. LCT can apply to the sale or importation of a car if its LCT value exceeds the relevant LCT threshold. For the purpose of the LCT rules a motor … Read more
The ATO has released some guidance on the typical treatment of expenses that are incurred by business taxpayers in connection with digital products. First, the ATO confirms that operating expenses incurred in the everyday running of a business can generally be claimed as a tax deduction in the year in which they are incurred. This … Read more
Exposure draft legislation has been released in relation to the Small Business Energy Incentive announced in the May 2023 Federal Budget. The incentive allows businesses with aggregated annual turnover of less than $50 million to access a bonus deduction equal to 20% of the cost of eligible assets or improvements to existing assets that support … Read more
The Skills and Training Boost gives you a 120% tax deduction for external training courses provided to employees. The aim of this boost is to help SMEs grow their workforce, including taking on less-skilled employees and upskilling them using external training to develop their skills and enhance their productivity. Sole traders, partners in a partnership, … Read more
The Technology Investment Boost provides SMEs with a bonus deduction for expenses and depreciating assets for digital operations or digitising from 7:30pm (AEST) on 29 March 2022 until 30 June 2023. You ‘incur’ an expense when you are in debt for it; this might be a tax invoice or it might be a contract where … Read more
