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Claiming home office expenses in your 2016 tax return

Many aren’t aware that they can claim home office expenses.  Whether your self-employed, a business owner or an employee – do you perform some of your work from home? If you do, here is a quick summary of the tax rules, and what home office expenses are allowed. Even if the room in your home is not set aside solely for work-related purposes, you may be able to claim a deduction for the costs you incur in …

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Can we FIX it? The Fixed or Variable Loan Debate

  It’s inevitable that with a historically low cash rate coupled with fixed home loan rates at never seen before lows as of late last year, the debate to fix your home loan or stick with the variable rate is on. Fixing your home loan raises many questions… Is it too early? Is it too late? What features will I lose? Is it hard to do? If you’re asking these questions then you’re asking the right questions. …

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Your Tax Returns now come with Free Audit Protection

ATO and other tax audits can be expensive and are on the increase, with the government to provide an additional $678.9 million to the ATO. To help Business Edge Accountants has Audit Protection Service that provides cover you for all your tax audits wherein the bill for our services will be on the insurer and not on you! Not too sure what all this means, well here is everything you need to know about tax audit insurance: …

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July 2016 Tax Returns from $99

Basic Tax Returns from $99 This year we’re doing things a little different and starting Tax Returns from just $99 for July only, extended to August as well.  So if you’re looking to see an Accountant and get your Tax Refund maximised, this year visit us and have it done from just $99. So if you live in Albury Wodonga or book to see us in Holbrook on Thursdays to get you Tax Return done in person …

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Book in you 2017 Tax Return at our Albury Office

Let the Tax Planning Begin

It’s the last quarter of the financial year. It’s the best time to review your profits, estimate your tax bill and determine what you can do to get your tax bill as low as possible (or your refund as high as possible). An Eye for Now, an Eye for the Future Let tax planning be more than just getting a bigger refund While we all love spending money on what we need now, tax planning season is …

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Budget Update

2016 Federal Budget Update On Tuesday, 3 May 2016, the Federal Treasurer, Scott Morrison, revealed his first Federal Budget. The Budget announcements include some major superannuation tax changes, and other measures which impact individual income tax, small businesses, and corporate taxation. We at Business Edge Accountants are here to help you make smart financial decisions NOW so that you can have a beautiful financial future.  One way we do that is through careful tax planning! If you …

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FBT 2016: 5 Things Every Business Should Know

How do I know if I need to pay FBT? What is exempt from FBT? And what to be aware of come 1 April 2016.     The FBT rate increases from 47% to 49% from 1 April 2016. Employers need to take this new rate into account with current or new salary packages with employees. How do I know if I need to pay FBT? Fringe Benefits Tax (FBT) is a tax payable by an employer in …

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Are you and your business ready for SuperStream? Deadline Approaching!

The new way of processing Superannuation Payments is almost here In its bid to streamline the processing of transaction for superannuation funds, the ATO has introduced SuperStream. The main aim of SuperStream is to ensure employer superannuation contributions are paid in a consistent, timely and efficient manner. The key component of SuperStream is that it is compulsory to make your superannuation contributions online with products that are SuperStream compliant. The easiest way to become SuperStream compliant is …

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Give your Super a Boost, with an SMSF

An alternative way of building up your retirement savings. While most of us will hopefully accumulate enough superannuation throughout our working lives to have a comfortable retirement, many of us simply won’t have the funds there to splurge on something nice every now and then. What if we could tell you there’s a way to boost your superannuation earnings that reduces the amount of tax you have to pay on your contributions at the same time – …

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Keep Your Family Wealth in Your “Bloodline”

Are you aware that if any of your children have a failed relationship, their share of your family wealth could end up going to another family? This is very serious. You work so hard to build up your family assets. But what if any of your children are in a relationship, inherited family wealth from you, and then their relationship failed? All of a sudden your hard earned family wealth ends up going across to another family …

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