Integrity Plus Accounting logo featuring a stylized design with a flame and four colored elements, representing trust and professionalism in accounting services.
Call: (02) 8385 5677

Tag: Investment

Can Your Business Claim the Loss Carry Back Tax Offset?

Tax spelled out with wooden blocks on gold coins, symbolizing financial considerations related to loss carry back tax offset for businesses.

As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at the budget. The new law started on 1 January 2021. Eligible corporate entities that previously had an income tax liability in a relevant year, and […]

Tax tips for self-managed superannuation funds

Calculator app displaying the number 1512, with a finger pressing the equals button, symbolizing financial calculations relevant to self-managed superannuation funds (SMSF) and tax preparation.

Having a self-managed superannuation fund (SMSF) gives you control and flexibility over how you make investments and prepare for retirement. It’s important to get your deductions and record keeping correct for the SMSF audit process and the tax return, as there are strict laws governing SMSFs. An SMSF must be set up as a trust […]

Tax Tips for Property Investors

Red wooden house models representing investment properties, aligned on a wooden surface, relevant to tax tips for property investors.

If you have income from investment properties, now is the time to start gathering your records and reviewing your expenses for the 2021 financial year. Income to Declare All income earned from each property must be declared. If you have multiple properties, keep the records for each property separate to make the tax return more […]