Blog

Tax consequences of making money in the share economy A little while ago I was preparing the tax return of a client and had almost (I thought) completed it when the client told me that they use Airbnb to rent out a room of their home to travelers and asked if that mattered. Yes, asRead more

Superannuation NON CONCESSIONAL BRING-FORWARD RULE How does the non concessional bring forward rule work? The bring forward rule works over a 3 year period so it is very important that you keep track of the size and timing of any non concessional contributions.   What is the bring-forward rule? The annual non-concessional (after-tax) contributions capRead more

 Personal Property Securities Register  (PPSR) In other words ‘Goods/assets debt register’ Did you know that in 2012 a new law established a national online register, which replaced a range of Commonwealth, state and territory registers – such as vehicle security registers like REVS and the ASIC Register of Company Charges. This register can protect youRead more

[kkstarratings]Rental properties and your 2016 tax return Is this the first year you need to declare a rental property in your tax return? Do you know what income to declare, expenses you can claim and records you need to keep? Below is a summary of information you will need to help you prepare your 2016Read more

POKEMON GO If you haven’t been living under a rock, you’ll have heard about the new smart phone craze called Pokemon Go. Having never played it, I imagine I’m quite the expert on how it goes. All I know really is that you throw balls at the critters and somehow this catches them. I considerRead more

Why Tax Time Isn’t It’s been nearly two weeks since I saw my last “It’s tax time! Save on tax” type advertisement… Thank goodness ! Between Tax Time ads and Election Campaigning ads I was ready to slash my wrists, but let’s not get political. This is mainly about the TAX!! How thoughtful that theseRead more

  THE WORK/LIFE BALANCE Oh, that old chestnut, hey? How do you manage to find the right fit when it comes to work commitments and managing the family at home? Not getting that right work/life balance can be a leading cause of stress, both at work and at home. Well, I’d love to say IRead more

EMPLOYER OBLIGATIONS Employer obligations are an ongoing consideration for business owners and their employees – with ways to improve efficiency in meeting these obligations continuing to evolve. In regards to understanding your employer obligations and rights as an employee – I’ll briefly touch on what Australian law has put in place and how to properly manageRead more

DIVORCE Well, it’s happens to lots of marriages these days. Half in fact. Staggering numbers but it is reality. Through the divorce process you may have forgotten about your superannuation and insurance beneficiaries. Or you made a knee-jerk change to your beneficiaries. “If I go, he’s not getting my money!” You certainly wouldn’t be aloneRead more

TAX PLANNING If you thought that estimating or predicting your tax bill ahead of time was only something that big business did, you’d be very wrong. In fact, Optima Partners already assists many businesses large and small in figuring out “what the damage might be” before the financial year even ends. This is the processRead more