Levi is a qualified tax consultant and registered tax agent. He has been working with the family firm for six years. He holds an Associate Diploma of Accounting, and is currently finalising a Bachelor of Commerce with a major in Accounting.
With 6 years experience he has become an expert in Capital Gains Tax, managing rental property portfolios, individual tax returns for property investors, and has a large number of business clients.
After Wheatcroft Accounting was recommended to us four years ago we now use Sue Wheatcroft's firm for both our personal and business tax needs and we would highly recommend Sue and her team to anyone who requires a very professional and friendly service in Albany or the great southern area.
Jonathan & Caroline Smith
Whilst the National Rent Affordability Scheme was introduced some time ago, it has only recently become accessible to private investors.
We submit an application to the tax office with all of the details of your income and deductible expenses. Providing the application is approved, the tax office will then notify your employer of the variation, and ask them to withhold a more appropriate amount of tax from your salary every week or fortnight.
Whilst it can be a fairly simple process to acquire a medicare levy exemption certification, it does take some doing, and can take some time. If you are eligible, then it is absolutely worthwhile.
A simple explanation of the often overlooked 'home first used to produce income rule'.
You probably already know that your principle place of residence is exempt from capital gains tax. Unfortunately, once you subdivide, only one property can be exempt as your principle place of residence, so the other property (or properties) will not be exempt when sold.
(08) 9842 2942
(08) 9842 2943
PO BOX 509
ALBANY WA 6330
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