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More and more taxpayers are realising that being proactive about tax, and making tax smart decisions, is the best way to reduce the amount of tax they pay from year to year. Many clients are naturally curious about certain areas of Australian tax law. At Wheatcroft Accounting, we perceive our role as accountants to include explaining relevant areas of tax law to those clients who would like to know more.

These publications are a great place to start, if you would like to learn more about tax issues relevant to your own situation. Certainly if there is anything here you would like to know more about, please feel free to contact us for more information.

Our Clients Think Highly of Us

Sue's genuine interest in us as clients was beyond our first expectations and continues to be so. Sue has an extremely professional approach, and a rainbow of ideas to help us with the growth of our wealth. We thank her for a brighter outlook re our finances.

Dan & Anne Pember

Articles
Recent Articles
  • National Rent Affordability Scheme

    Whilst the National Rent Affordability Scheme was introduced some time ago, it has only recently become accessible to private investors.

  • PAYG Variation

    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.

  • Medicare Levy Exemption Certification

    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.

  • Home First Used to Produce Income Rule

    A simple explanation of the often overlooked 'home first used to produce income rule'.

  • Subdivide Your Principle Place of Residence

    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.

Capital Gains Tax
Work Related Expenses
Negative Gearing
Rental Property Deductions
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