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…

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…

Motor vehicle expenses for Business owner

By Roger 26 December 2020Business, 2020 Tax Tips, Assets, business structure, Cars, Company, Deductions, Depreciation, Expenses, Record-Keeping, Tax Tips

Motor vehicle expenses Every business owner would ask: Can I claim my petrol? Or repairs of my car? This information will help you when claiming a deduction for motor vehicle…