May 12, 2016
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...Jan 25, 2016
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...Nov 20, 2015
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...Jul 15, 2013
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....Jul 7, 2013
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...Jul 3, 2013
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...