News

  • Temporary On-Site Closure – But We’re Working Remotely!

    Dear Clients,   In-line with the Victorian Government’s announcement Victoria is in a State of Disaster and Stage 4 Lockdown restrictions apply. As such our Preston office will be temporarily closed from 5:30pm Wednesday 5th August 2020 until mid-September.   In the mean-time WE ARE STILL HERE FOR YOU, and it will be BUSINESS AS […]

  • Newsletter De Luca Partners – August 2020

    The JobKeeper payment, which was originally due to run until 27 September, will now continue to be available until 28 March 2021. There will however be some changes to eligibility, as well as a tightening of payment rates. We run through the details. We also reveal a largely unforeseen danger for insurance cover in the […]

  • Newsletter De Luca Partners – July 2020

    Despite the current COVID-19 constraints, completing your tax return remains a task we can help achieve to your best advantage. We look at some tax tips for the current tax lodgement period. There is also some good news on the instant asset write-off, and a timely reminder about the importance of being covered against cyber […]

  • Newsletter De Luca Partners – June 2020

    The COVID-19 period in everyone’s life continues, and as time goes by more issues keep arising regarding certain tax matters. One such issue, which the ATO has realised may be a concern, is the changed rental property market, and the deductions for expenses that are and are not available. We also consider the issue of […]

  • Newsletter De Luca Partners – May 2020

    The dominating factor in all our lives at the moment is of course COVID-19. We look at issues that may change the normal deductions taxpayers can make for working from home, plus examine details of the new JobKeeper scheme that both employers and employees will need to know. There is also the early release from […]

  • Victorian Government Business Support Fund in Response to COVID-19

    The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package. Eligibility criteria and Victorian Government Business Support Fund Guidelines are outlined in the below link, please read […]

  • JobKeeper Payments from the Goverment Stimulus in Response to COVID-19

    The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the cost of their employee’s wages, thus keeping businesses running and employees in work. Eligible employers will receive the payment for each eligible employee that was on their books on 1 March 2020 and continues to be engaged by that employer. […]

  • Newsletter De Luca Partners – April 2020

    The overwhelming issue of the day is of course the coronavirus. The government’s stimulus package launched in response to the crisis is welcome. We spell out what this means for different taxpayers, and how the measures will work. Also in this issue we examine the superannuation guarantee amnesty, an interesting quirk of the FBT rules […]

  • Newsletter De Luca Partners – March 2020

    If you own certain high-end assets, it may be prudent to make sure your tax affairs are in order. The ATO has asked dozens of insurance companies for policy details over certain asset values to check up on these taxpayers’ tax obligations. We also look at the realities of accessing some of your retirement savings […]

  • Newsletter De Luca Partners – February 2020

    The bushfire season has highlighted the very central importance that volunteers play in Australia, but along with these essential roles there can also be tax outcomes to consider. We also sketch out the essentials to know about the First Home Super Saver scheme, succession planning for family businesses, and the possible tax offsets available in […]

  • Newsletter De Luca Partners – December 2019

    Sometimes small business owners pass up the at-times lucrative small business CGT concessions simply through not knowing that they are eligible to claim them. Answering a few basic questions can clear this up. We explain how the “personal property security register” can help manage the risk that comes with owning certain assets. We also take […]

  • Newsletter De Luca Partners – November 2019

    Sometimes, essential tax records are missing or even destroyed. But all is not lost, as there is a “plan B” that can be put into affect, so we run through the options to help your tax outcome. The investment strategy of any SMSF is not “set-and-forget”, and if not re-visited from time to time, could […]