Entries by synecticgroup

Tax deductions for your holiday house

Many of us look forward to an annual getaway, either to the beach or the bush, as the best way to unwind and re-charge after another tiring year. For many Australians having a beach shack or bush retreat can be made more affordable by leasing out their properties to other holiday makers.

Valuing stock for private use

Have you taken stock for private use? That’s ok! Here’s the values to use for 2014-15. The Tax Office issues guidance every year for business owners on the value it will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in certain industries. The following table should […]