Blog
Tax Depreciation, CGT Valuations and What Property Investors Need to Know
The key point for investors to note is that tax depreciation schedules and capital gains tax valuations still remain important. And under the new proposed tax system, they will become more important given the announced reforms to the 50 per cent capital gains tax discount and negative gearing changes.
Negative Gearing changes and its impact on Investors, fall under three groups of properties.
Influencers! Are they the best thing since sliced bread!
That depends on what you are looking for, aiming to gain or achieve!
Step one, before heading down this path, it makes good sense to define your marketing strategy and determine whether engaging an influencer is the best way to achieve your campaign goals.
There are numerous considerations and questions. Ask yourself!
-
Do the Influencers' values align with your organization?
-
How will and Influencer help you achieve your goals?
-
Are the influencer’s claims legitimate?
In our last edition, we looked at Marketing that’s hitting the mark!
But what to do when your Marketing efforts aren’t paying dividends?
There can be several causes, including being focused on one lane (tunnel vision), your strategy lacking a clear purpose, or content clarity.
What to do?
It takes a series of steps, actions, and asking the right questions. Consider these 7 Tips!
-
Do you have a Strategy? Planned, structured with purpose, or are you simply flying by the seat of your pants, tactic-driven and responding as you go along? Yes? That is reactive behaviour, marketing lacking strategic investment or direction. Answer: Watch out for How to Develop a Marketing Strategy that Works.
If you are a small Business operator, as the dust settles, you may be wondering how this Budget affects you.
The Budget brought a mix of tax changes, regulatory reforms, and investment incentives. Depending on your Business circumstances, the announced measures can impact you differently.
Blackburn Accounting can help navigate the changes and provide professional advice. To stay up to date, we are monitoring the latest announcements as they come to hand. Don’t second-guess or put it off. Contact us today.
Instant Asset Write-off
-
The $20,000 Federal Government instant asset write-off will become a permanent tax scheme available to small Business owners.
-
This allows eligible small Business owners to claim immediate deductions for new or second-hand plant and equipment asset purchases, such as, tools, office equipment, and vehicles.
-
The assets must first be used or installed for use in the income year you are claiming for.
If you have been organised, Tax Time doesn’t create a paperwork nightmare. Files are orderly, and you have your ‘Business’ matters tidy and in order.
On the other hand, if you have been less diligent, you might find the shoe-box overflowing with receipts or the bottom drawer in disarray, a collection of bits and pieces. But don’t despair, start preparing now with these 7 Tips.
-
Getting ready – start by sorting and filing, whether you are lodging your own return or have an agent. DIY, need advice, contact Blackburn Accounting, we can help take the stress out of tax time.
-
Missing documents – don't wait to follow up if you need copies of receipts or expense records. Many deductions need supporting evidence to verify.
Your Accounting Partner
Your Management Accounting Partner
Your Expansion Engineer
Your Special Projects Partner