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North Advisory Accountancy Blog

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Airport Lounge Memberships

Posted August 4, 2016 by North Advisory

Airport lounge memberships deductible A recent tax determination has confirmed that the annual membership fee for airport lounges is deductible if the membership holder has…

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The Re-Contribution Strategy is still Attractive

Posted July 28, 2016 by North Advisory

On the 3rd May 2016, the federal government announced an immediate cut to the non-concessional contribution limit. The cap is now a lifetime limit of…

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Superannuation Tax Lodgement and Payment Dates

Posted July 27, 2016 by North Advisory

The following dates highlight key superannuation related tax lodgement deadlines approaching in the next few months. The list of key dates is not comprehensive and…

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Teachers Tax Deduction Guide

Posted July 18, 2016 by North Advisory

Continuing our series on tax deductions for employees in specific industries, the following are common deductions for teachers. Car expenses • You can claim deductions…

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Nurses, Midwives and Direct Carers Tax Deduction Guide

Posted July 18, 2016 by North Advisory

It’s the start of the new financial year, which means that it’s a good time to review the common tax deductions for employees in specific…

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Getting your contributions in before 30th June 2016

Posted June 28, 2016 by North Advisory

If you’re wanting to make contributions into your SMSF you will need to act quickly to get these in before the 30th June 2016. This…

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Small Business CGT Concessions

Posted June 17, 2016 by North Advisory

If you are running a small business, pass the aggregated $2 million turnover test or pass the $6 million net asset value test, you may…

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Flaws in the new Superannuation Proposals

Posted June 17, 2016 by North Advisory

The link below provides a good insight as to what professional bodies are doing in regards to the proposed superannuation changes. In summary, four association…

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Selling Property over $2 Million – New Rules Apply from 1 July 2016

Posted June 15, 2016 by North Advisory

As part of the governments focus on strengthening our foreign resident capital gains tax (CGT) regime, new rules will soon apply to sales of Australian…

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Your SMSF Might Be at Risk

Posted June 10, 2016 by North Advisory

SMSF trustees should brace for a change in the way their accountant deals with them in regards to their Self Managed Superannuation Fund after the…

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