Capital Gains Tax is a complicated and a changing tax which will affect most of us at some time in our lives. At Hall Hanneford we provide our staff with on-going training to ensure that we are able to keep abreast of major developments in this tax and provide current […]
Rental Properties
At Hall Hanneford we have the expertise required to assist you in a variety of areas relating to residential and commercial property. The services we offer include… Advice on purchasing a property Reviews of lease agreements Advice on funding Guidance in tax minimisation Negative and positive gearing strategies Advice on […]
June 2013 Practice Update
Huge rebranding exercise is now complete! Read our June 2013 Practice Update to keep yourself informed of all the latest changes at Hall Hanneford! View or Print our June 13 Practice Update (PDF File) * From the link above, depending on your browser type and settings you may either click […]
What are my options for Record Keeping?
In our experience the record keeping system to use is the one you feel most comfortable with. This can be a simple hand written cash book through to the latest on-line software. Your selection will depend upon the complexity of your business and the capabilities of the record keepers. You […]
Capital Gains Tax – Main residence exemption / Partial exemption
The main residence exemption can apply to disregard all or part of a capital gain or a capital loss when an individual taxpayer disposes of a dwelling (or ownership interest in a dwelling) that was their main residence. Lance bought a house situated on a one-hectare block of land on […]
Rental Properties – Claiming Repairs
You cannot claim the cost of repairing defects, damage or deterioration that existed when you obtained the property, even if you carried out these repairs to make the property suitable for renting. This is because these expenses relate to the period before the property became an income-producing property. Stephen needed […]
Small Business Superannuation Clearing House
If you are a small business employer with 19 or fewer employees, you can register to use this free service. Go to the website Super Clearing House or phone the clearing house on 1300 660 048. There are also a range of commercial clearing houses which may benefit your business. […]
Superannuation Guarantee increases from 1st July 2013
From 1 July 2013, the super guarantee rate will change from 9% to 9.25%. If you are an employer you will need to ensure that your payroll software calculates employer super at the new rate. In addition the upper age limit for super guarantee payments has been removed. This means […]
New reporting requirements for Building & Construction businesses
From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to us on the “Taxable Payments Annual Report”. The aim of the system is to […]
Employee or Contractor …. a costly mistake if your interpretation is wrong
If you incorrectly treat an employee as a contractor, you can face penalties and charges for not meeting your required obligations. These penalties and other charges include.. PAYG withholding penalty for not meeting your PAYG withholding obligations Super guarantee charges for not meeting your super obligations, made up of super […]