You might be able to claim a range of expenses related to the portion of your home set aside for your business.
Understandably, there is a lot of hype around negative gearing. It is a highly beneficial investment strategy, after all.
Asset protection is vital, because you have no idea what troubles your small business could run into down the line.
Previously, offshore sellers of Australian commercial accommodation had been exempt from the rule.
The amendments are not only retrospective but go beyond purely vacant land.
There are a variety of business structures available in Australia, and each can make a significant difference to your future.
With interest rates at record lows and competitive deals on offer, switching to a new loan or lender may be an appealing prospect.
If the ATO has queries or suspects something is not right, you need to be able to respond.