House Australia

What is depreciation and how does it work?

What is depreciation? As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to the building and fixtures it contains. Depreciation can be claimed by any owner of an income producing property. This deduction essentially reduces the…

Data Matching

  Did you know that the ATO, Family Assistance office and Centrelink and other government departments have all increased their data matching capabilities and activities? These departments are using data matching to help keep people honest about their circumstances and to try to ensure that all Australians are on a level playing field.   Where…

Xerocon Aptus Accounting and Advisory Sydney

Xerocon 2018

  Last week I had the privilege of spending time with the Aptus team at the always awesome Xerocon. Xerocon is the largest accounting technology conference in Australasia and is a chance for accountants, bookkeepers, tech providers and others in our industry to network and learn in an inspiring and innovative environment. At Xerocon the…

Investment Properties & Tax

  Owning your own home is one of those quintessential Australian dreams. For approximately 1 in 12 Australians, they have taken the fulfillment of that dream even further with an investment property. This means that more than 8% of our population owns more than one property. While percentages less than 10 in this context generally…

Congratulations James on becoming an FCA!

Congratulations to our Director and Co-Founder, James Solomons, on becoming a fellow of the Chartered Accountants Australia New Zealand (CAANZ) on the 2nd of August 2018. Receiving this prestigious fellowship recognizes and celebrates James’s outstanding contributions and professional achievements to the industry. The CAANZ is a professional membership body that supports business and financial professionals. Representing over…

Common Deductions

Listed below are 5 common tax deductions that you may be entitled to claim. Remember that to be deductible, these expenses must be; directly attributed to you earning your income paid for by yourself and not have been reimbursed you must retain a record of proof for the expense   Laundry – cleaning of your…