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The Landlords Toolkit

Find the right property, property manager and tenants for a great future investment! While the property market has been a debateable investment over the past few years, if you are able to hold onto your investment property for now, it could mean big bucks in your future.

Here is your Landlord’s Toolkit to guide you on your investment journey.

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5 ways to stretch your budget further

Check out our 5 ways to stretch your budget further below.

1. Get a smart accountant

Although most of us could file a simple tax return, it pays (literally) to have a strategic accountant. At Aspect Accountants and Advisors, we work on each client engagement  to legally and strategically help optimise your tax position and protect your assets. This requires experience, to ensure you comply with the law and maximise your wealth. Don’t forget, your accountants fee is tax deductible.

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2020/21 Federal Budget Tax Bulletin

Overview

On Tuesday evening the Treasurer delivered the delayed 2020-21 Federal Budget and as expected it was all about Government spending, tax cuts and tax concessions to increase jobs and drive a recovery from the COVID 19 Pandemic.

Whether he has gone far enough, only time will tell but clearly the Treasurer’s message of “There is no economic recovery without a jobs recovery” explains the focus on Government spending and tax relief for business spending.

The Government has already provided both JobKeeper and JobSeeker programs and has framed this Budget around the cornerstone of the new JobMaker program.

The key announcements were the bringing forward to 1 July 2020 of the second stage of the personal tax cuts announced last year; providing access to the SBE tax concessions to more businesses; providing new tax write-offs and loss carry backs to almost all businesses, together with a JobMaker Hiring Credit for those businesses moving out of JobKeeper and hiring new employees.

We have reviewed the 2021 Budget and outlined below what we think are the key issues for SME business and their owners.

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