Category Archives: De Luca Partners News

  • Newsletter De Luca Partners – December 2018

    Compensation for financial wrong-doings, such as has been uncovered by the Royal Commission, may still attract tax. And with any investment, there are taxation issues to consider along the way. We also look at the ATO’s use of “taxpayer alerts”, and the ins and outs of partnership agreements. Please contact us for clarification, or further […]

  • Newsletter De Luca Partners – November 2018

    It’s nowhere near the end of the FBT year, but a third quarter check-up can give you the opportunity to clear up any compliance issues. And it’s a perennial question: how much do you need to retire? We look at the latest estimates. Santa’s probably dusting off the sleigh, so why not plan ahead for […]

  • Newsletter De Luca Partners – October 2018

    Crowdfunding is a relatively modern phenomenon, helped in no small part by the growth of the online world. But with revenue, of any sort, tax is generally something that has to be considered. If you have already lodged your income tax return but then realise you left something out, don’t panic. We can help you […]

  • Newsletter De Luca Partners – September 2018

    There’s a new option in place for self employed Australians to be better able to save for retirement, but another change to the superannuation rules (in the SMSF arena) could lessen the appeal of borrowing to invest. We look at a GST apportioning option to cover private use, and also the compliance steps that may […]

  • Newsletter De Luca Partners – 2018-19 Rates and Thresholds

    The 2018-2019 Lodgement Rates and Thresholds newsletter helps to save you from searching endlessly to find the right tax rate or relevant threshold this tax time, with all the relevant information right here in one place. This guide inluces tax rates, offset limits and benchmarks, rebate levels, allowances, and essential super, as well as FBT […]

  • Newsletter De Luca Partners – August 2018

    They say that education comes with a cost, but that ignorance can cost you more. Self education is certainly worthwhile considering, especially as there can be tax breaks for the right sort of training. SMSF trustees are generally family or friends, but that doesn’t mean there won’t be arguments along the way to greater wealth, […]

  • Newsletter De Luca Partners – July 2018

    Not every retiree has heard of the government’s Pension Loan Scheme, but it’s about time more people did. And with Tax Time now upon us, we run over some tips for your tax return. An integrity measure that businesses need to keep a close eye on, called Division 7A, is given the once over, as […]

  • Newsletter De Luca Partners – June 2018

    It’s not uncommon for taxpayers to be in dispute with the ATO from time to time, and although the Tax Commissioner may seem invincible, this is not always the case. We look at the best approach to better your outcome. At some stage, SMSF trustees will need to get their heads around the proportioning rule, […]

  • Newsletter De Luca Partners – 2018/19 Budget Edition

    Undoubtedly the headline item from tonight is tax relief for individuals by lifting the 32.5% tax bracket to $90,000 from 1 July 2018 and the Government’s announcement of its intention abolish the 37% tax bracket in 2024-25. In the 2022-23 financial year we will also see the Low Income Tax Offset increased to $645 and […]

  • Newsletter De Luca Partners – May 2018

    Interest expenses on money borrowed to buy business assets can be deductible. However there are also circumstances, allowed under tax law, where deductions are still available after the relevant asset is disposed of. We run over the details. We also look at the “work test” required for super contributions to be made for those over […]

  • Newsletter De Luca Partners – April 2018

    There’s been a lot of buzz about bitcoin lately, so we thought it timely to run over the ins and outs of cryptocurrencies. Another phenomenon of the modern marketplace is the sharing economy, but care needs to be taken when dealing with businesses carried on via sharing platforms to ensure there are no hidden tax […]

  • Newsletter De Luca Partners – March 2018

    There’s a hidden danger lurking within the FBT rules that business owners should keep an eye on. Where a third party supplier is generous enough to include your employees, there’s a very real possibility that this could trigger a tax liability for that business. We run over this and other quirks of the FBT regime. […]