Stamp duty concession on death – NSW

By Roger 11 March 2021Assets, Business, business structure, Deceased estate, Highlights, Stamp Duty, Succession Planning, Tax Tips, Trust

What duties I need to pay when I inherited a property from my family. Stamp duty concession on death - NSW Death duties were abolished in NSW from 31 December 1981, and death duties on…

The times you cannot claim GST credit

By Roger 2 February 2021Assets, BAS, Bookkeeping, Business, Can and Cannot, Company, GST, Record-Keeping

GST credits you cannot claim You can claim GST credits for most business purchases. However, some things are GST-free or that you can't claim for various reasons. If your suppliers…

What is Fuel tax credits

By Roger 1 February 2021Assets, BAS, Bookkeeping, Cars, CGT, Company, Fuel tax credits, Motor vehicles, Record-Keeping, Tax Tips

What is Fuel tax credits? Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:…

Motor vehicle expenses, Sole traders and partnerships

By Roger 18 January 2021Tax Tips, Assets, Bookkeeping, business structure, Cars, Depreciation, Expenses, Individual, Motor vehicles, Record-Keeping

Motor vehicle expenses for Sole traders and partnerships If you operate your business as a sole trader or partnership (where at least one partner is an individual), the way to…