Tax Knowledge Archives - Rogerson Kenny Business Accountants

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Tax deductions for investing in your business

By adminBusiness, Deductions, Investing, Tax Knowledge

Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn to immediately deduct the cost of...

October 30, 2020

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Am I taxed on an insurance payout?

By adminBusiness, Insurance, Tax Knowledge

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when

September 13, 2021

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An introduction to Division 293 tax

By adminSMSF, Tax Knowledge

As a reminder, when concessional contributions are made into your super fund, commonly being amounts paid by your employer from your before-tax income or a personal contribution that you are...

September 2, 2020

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A pair of glasses, a pen, and a calculator lie on top of a financial document. A note with the text "CAPITAL GAINS TAX" is prominently placed on the document, highlighting the crucial work of business accountants in navigating these complex matters.

Small Business Capital Gains Tax Concessions

By adminBusiness, Capital Gains Tax Planning, Tax Knowledge

As a small business owner, it is important you are aware of the CGT concessions available to you when you sell your business. These concessions can be generous and result...

January 11, 2021

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Top 13 points to consider when Purchasing a Business

By adminBusiness, Buying, Tax Knowledge

Mark Rogerson- Managing Director, Rogerson Kenny Business Accountants Download your free checklist for purchasing a business here! Download Here! We have created the above 21 page free checklist to...

March 3, 2020

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A close-up of a stack of electronic devices, including a smartphone, a tablet, and a laptop. The smartphone is silver with a black screen, the tablet has a black cover, and the laptop has a black keyboard. All devices are placed on a light-colored surface, ready for any SMSF accountant to streamline their workflow.

Salary Sacrifice Arrangements for Electronic Portable Devices

By adminBusiness, Salary Sacrifice, Tax Knowledge

The digital age is evolving, which means that technology such as laptops, tablets and mobile phones can be carried everywhere. Common items your employees use in their everyday life. As...

September 26, 2019

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Agency Relationship and GST on Disbursements – Legal Practices

By Mark RogersonGST, Tax Knowledge

It is common for legal practitioners to seek reimbursement for costs, in addition to the charge for services. However, the GST treatment of such reimbursements depends on the nature of...

September 7, 2018

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Deductibility of expenditure on a commercial website

By adminDeductions, Tax Knowledge

The ATO has released a public taxation ruling covering the ATO’s views on the deductibility of expenditure incurred in acquiring, developing, maintaining or modifying a website for use in the...

February 27, 2017

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A close-up of a person's hands working with financial documents. One hand is holding a pen, and the other is pressing buttons on a calculator. Nearby, there is a checkbook, coins, and notebooks on a wooden table. The scene suggests financial planning or budgeting with the guidance of SMSF Accountants.

Can a UPE be written off and claimed as a bad debt?

By adminDeductions, Tax Knowledge

'UPE' (or 'unpaid present entitlement') arises where a trust makes a beneficiary entitled to an amount of the trust's income (and therefore the beneficiary may have to pay tax on...

February 27, 2017

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ATO focusing on repairs vs. improvements

By adminDeductions, Tax Knowledge

The Australian Taxation Office is paying particular attention to claims that investment property owners make for repairs to rental properties. All clients should note repairs are deductible, improvements are not....

May 30, 2016

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Tax Facts – Imputation

By adminTax, Tax Knowledge

The Imputation System provides a way for Australian and New Zealand corporate tax entities that pay Australian tax, to pass on to their members a credit for Australian income tax...

April 30, 2014

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