News & Information

September Newsletter

September Newsletter 1352 900 Lanteri Partners

The small business CGT concessions can be extremely valuable, but sometimes the complexity of the details can be confusing. We clear up some of the more obscure factors.

The rules around LRBAs for SMSF trustees have been fiddled with again, and necessitate (again) a look at the fine print. There is also a new statistical report on SMSFs that trustees should be glad to read.

Also dealt with are the differences between investment returns being on revenue or capital account, and what to do if you need to lodge your next tax return early.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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August Newsletter

August Newsletter 1350 900 Lanteri Partners

Making claims for travel allowances is a handy deduction for many employees, especially as the ATO has seen fit to make an exception to substantiate these claims in many circumstances. However this consideration comes with a warning — get it right, or lose that exception. We run over the particulars.

Did you know that there are deductions that are specific to SMSFs? As usual however, there are conditions. We also look at deductions available for financing rental properties, the interaction between the new super transfer balance cap and child recipients of death benefits, and a tax break available for life policy bonuses held for a certain time.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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July Newsletter

July Newsletter 719 860 Lanteri Partners

The ATO is on the warpath over incorrect deductions that many taxpayers try to claim for holiday rental properties, so we take a look at the issues that have been grinding the taxman’s gears.

And if you’re going to soon make an appointment to complete your tax return, we’ve made a general checklist of things to prepare. By the way, you might also be able to claim the travel costs for travelling to see us — we share the particulars for eligibility.

Mobile, home phone and internet costs may be claimed under some circumstances, so we run over the substantiation that the ATO will accept to successfully make these deductions. We also present an overview of streaming trust capital gains and franked distributions.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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May Newsletter – Budget Update

May Newsletter – Budget Update 701 876 Lanteri Partners

The budget announcements contain a suite of tax and superannuation measures aimed at increasing housing stock and improving housing affordability. While the government has not gone close to clamping down on the political and social hot potato of negative gearing, it has taken some steps to restrict the travel expense and depreciation tax breaks enjoyed by investors.

Last year, many individual taxpayers received small “cake and coffee” tax cuts (so called because they averaged around $6) which were touted as an important first step to addressing bracket creep; but one year later, the government announces that the Medicare Levy will increase by 0.5% to 2.5%, which will surely eat into those tax cuts (for those lucky enough to have received them).

Last year’s budget was one for small businesses. This year, the small gift is a one year extension of the $20,000 instant asset write-off for 2017-18. Unfortunately, the government will tighten access to the small business CGT concessions.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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May Newsletter

May Newsletter Lanteri Partners

There can be capital gains conundrums when sub-dividing the family property, so we run through the typical scenarios to dissect the likely tax outcomes. And another perennial head-scratcher is the deductibility of the interest payable on borrowed funds.

A GST exemption is available when a “going concern” business is involved, so we look at the conditions that must be met. And while the recent tax cut for some companies is welcome, thought needs to be given to the change in tax rates when dealing with dividend credits.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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April Newsletter

April Newsletter Lanteri Partners

There’s nothing wrong with sourcing certain business assets through peer-to-peer websites like Gumtree or even a Facebook group. It’s when it comes to substantiating a tax claim that these sorts of transactions can end up being difficult.

The ATO’s rules regarding deductions claimed for work clothing, or for laundering clothes, are fairly straight-forward, but there are a few grey areas that crop up now and then.

We cast an eye over how simplified depreciation works for small business pools, and also look at the new “total superannuation balance” and what it means for your fund.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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March Newsletter

March Newsletter Lanteri Partners

FBT and the provision of cars to employees continues to cause potholes in the road to smooth tax compliance for businesses. We run over the usual FBT return problem areas. Also, as the “sharing economy” is becoming more prevalent, the ATO has found it necessary to issue some guidance.

A not-uncommon conundrum for many SMSF trustees is what to do when the fund is found to have breached the in-house asset rules. There are also some common misconceptions about these regulations that keep resurfacing.

We also look at tax and dividend income, and run over the options for salary sacrifice arrangements.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

Click here to download the latest newsletter!

Yorkshire Brewery Progress Update 3

Yorkshire Brewery Progress Update 3 150 150 Lanteri Partners

Progress Update 3 – Basement Excavation

Construction is well on the way down at Yorkshire Brewery in Collingwood. One crane is up, and there is only a small portion of dirt left to be removed. With the major basement demolition, earthworks and piling completed the basement retention walls are almost finished. Preparation for the level 2 basement slab is underway, with the initial drainage works beginning soon. Once completed, the slab for basement level 1 will be poured and services integrated. With the introduction of a second crane within the next few weeks, from there it is out of the ground and up! The Heritage buildings will be the first to begin due to the significant restoration works needed, and then construction on the three main towers will begin.

http://vimeo.com/103388608


For more information on this exciting development please contact Nina Mizzi on (03) 9650 3722.

Yorkshire Brewery Progress Update 2

Yorkshire Brewery Progress Update 2 150 150 Lanteri Partners

Progress Update 2 – Pilings

With demolition works now completed all attention has turned to the construction of the development. The first step is to construct and excavate the basement which covers most of the site. Two piling rigs were floated onto the site to commence the basement permitter piling which involves drilling out 600-700mm bored piers to the depth of the basements and then inserting reinforced steel cages into the hole and then filling with concrete. All bored piers are then finished off with a top capping beam which outlines the extent of the perimeter of basement. Next excavation of the soil and the construction of the basement walls are to be completed.

http://vimeo.com/94319089


For more information on this exciting development please contact Nina Mizzi on (03) 9650 3722.

Yorkshire Brewery Progress Update 1

Yorkshire Brewery Progress Update 1 150 150 Lanteri Partners

Progress Update 1 – Demolition

The site offices were set up with all SMA staff relocated to Collingwood. The 71 ton excavator, or Demolition Rig, one of only two in Australia, was then assembled onsite by 2 cranes. Demolition of the silos commenced shortly thereafter taking approximately 6-8 weeks. In total ten silos tubes, or two rows of five, were brought down. Next the remaining stair, as shown in the time-lapse video, had to be demolished manually with hand held concrete saws and then craned down piece by piece. Internal scaffolding was erected inside the Brew tower whilst the attached subsidiary building were removed. This was an arduous process as there was large volumes of asbestos to be removed. Once complete the beautiful and iconic Brew tower was freed up, marking the beginning of its new lease of life. Stand by for further updates…

http://vimeo.com/87376571


http://vimeo.com/87376572


For more information on this exciting development please contact Nina Mizzi on (03) 9650 3722

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