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Btacs
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About
Btacs's posts

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We are your Property Investment Specialist
Buying an Investment Property?
Wanting to grow your Property Portfolio?
More and more Australians are choosing property investment as an avenue for wealth generation. When you decide to invest in property, there are many things to consider, including how to find the right property for you, calculating cash flows, taking various tax implications into account, and the costs of buying, selling and managing the property.
Contact us Today: https://btacs.com.au/our-services/property-investment/

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Am I a share trader?
To be classed as a share trader, you may be asked to provide evidence that demonstrates you are carrying on a business of share trading, for example: the purchase of shares on a regular basis through a regular or routine method a trading plan use of share trading techniques in managing your share acquisitions, such as decisions based on thorough analysis of relevant market information a contingency plan in the event of a major shift in the market.

http://btacs.com.au/am-i-a-share-trader/

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Late or Overdue Tax Returns

Penalties could apply.

Don’t Stress:
“It’s never too late to lodge your late or overdue tax returns”

Contact us now 07 3391 6444
http://ow.ly/6xP030caXOR
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“Under the new rules which are yet to be legislated by Parliament, investors will be able to depreciate new plant and equipment assets and items they add to their property, however subsequent owners will not be able to claim depreciation on existing plant and equipment assets,” said the Chief Executive Officer of BMT Tax Depreciation, Bradley Beer.

https://btacs.com.au/property-investors-to-lose-out-from-proposed-budget-changes/


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Often property investors rent out their property fully furnished. Depreciating furniture can add thousands of dollars to the owners depreciation claim.

http://btacs.com.au/furnish-your-pockets-with-the-funds-claimed-from-tax-depreciation/

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Am I a share trader?

To be classed as a share trader, you may be asked to provide evidence that demonstrates you are carrying on a business of share trading, for example: the purchase of shares on a regular basis through a regular or routine method a trading plan use of share trading techniques in managing your share acquisitions, such as decisions based on thorough analysis of relevant market information a contingency plan in the event of a major shift in the market.

http://btacs.com.au/am-i-a-share-trader/

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Late or Overdue Tax Returns

Penalties could apply.
Some people may have forgotten to lodge a tax return or been too busy or it just hasn’t been a priority but whatever the reason for not lodging, the Taxation Office will require you to lodge a return every year if your income is over a certain threshold.
http://btacs.com.au/late-or-overdue-tax-returns/

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FBT exemptions for work-related electronic devices

From 1 April 2016, your small business clients can provide their employees with multiple work-related devices without incurring a fringe benefits tax (FBT) liability.

The devices can include:
-laptops
-tablets
-calculators
-GPS navigation receivers
-mobile phones.

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Earn more from your holiday rental – Tax Depreciation

One common mistake holiday rental property owners make is to assume that because they are personally using the property, depreciation cannot be claimed. This can lead many investors to miss out on thousands of dollars in lost deductions annually. A specialist Quantity Surveyor can provide a tax depreciation schedule which is based on the portion of a year a property is available for rent, so it is best to seek advice on what deductions can be claimed before making any purchase decisions.


http://btacs.com.au/earn-more-from-your-holiday-rental-tax-depreciation-tax-depreciation/

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Deductions you can claim for Specific Industries

In order to get the best Tax Refund, you must claim as many allowable deductions, that apply to you as an individual, as possible. Certain deductions are unique to specific industries, which is why we have compiled an overview of deductions relating to specific industries. For further information on deductions you can claim in your industry, select the appropriate link below:

http://ow.ly/Vsoyx
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