My Mother Hen is now Tax Focus!

My Mother Hen is now Tax Focus!

To reflect our business growth, we have changed our business name to Tax Focus Chartered Accountants and launched a brand new website: www.taxfocus.com.au. While our name may have changed, our loyalty to you and our level of service will not alter. We are the same...

Investing in overseas property?

Investing overseas has become a hot market for prospective investors.The tax implications for such an investment are remarkably straightforward to understand.The rent received from an overseas property is treated the same way as an Australian property; however, it is...

Overseas travel expense deductions

Australians are amongst the largest group of people that undertake overseas travel for either work or business purposes.We are all familiar to the overseas travel expense deductions that we can claim against such a travel as long as it was undertaken for work or...

Good business records, good business practices

All businesses, sole traders, partnerships and trusts conduct a business activity must maintain sufficient business records.Keeping good business record is a legal requirement and can lead to severe penalties if the records are not held for a period of five years....

Deductions against interest income

Ever wondered what all could you claim to reduce your interest income for tax purposes?As a general rule, all the expenses you have incurred to earn the interest income may be claimed. For example, account keeping fees for investment account held with a bank and...

A guide to rental property expenses

Rental expenses can be a complex area of tax in Australia.A lot of ambiguity surrounds to the correct taxation of rental expenses. The Australian Tax office reserves the right to deny expenses as it may deem rightful.This article will give you a brief idea to what...

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