Resources

Rental Property Guides

To get a further understanding of how income and expenses for rental properties are treated please see the below guide for rental property owners

Previous Rental Property Guides

Capital Gains Guides

Use this guide if you are a personal investor who has made a capital gain or capital loss from shares, units or managed funds in 2018–19.

This guide will not apply to an investor who is a foreign resident of Australia or if you are carrying on a business of share trading.

This guide explains the capital gains tax (CGT) consequences of:

the sale or gift (or other disposal) of shares or units
the receipt of distributions of capital gains from managed funds
the receipt of non-assessable payments from companies or managed funds.

Shares Guides

This guide helps people who hold shares or bonds as an investment to understand their tax obligations. It covers:

how dividends received by Australian resident and non-resident individuals are taxed, and
the type of expenses you may be able to claim against dividend income.

If you acquired shares after 19 September 1985, capital gains tax (CGT) may apply when you dispose of them.

Do You Hire Contractors?

When hiring workers, it is important to know the difference between contractors and employees for tax and super purposes. Getting it wrong compromises your ability to meet tax and super obligations and can mean your workers miss out on employee entitlements. If you misclassify workers’, you can also be caught out with penalties and charges. There is no one deciding factor that makes a worker an employee or contractor. You must consider the whole working arrangement, including questioning your worker’s:

Ability to subcontract/delegate: can the worker pay someone else to do the work?
Basis of payment: is the worker paid based on an agreed quote they provided?
Equipment, tools and other assets: does the worker provide their own tools and equipment needed to do the job?
Commercial risks: is the worker legally responsible for their work and liable for fixing mistakes or defects?
Control over the work: does the worker decide how to do the work, subject to specific terms in the contract or agreement?
Independence: does the worker operate their own business independently of your client’s business?

If you answer no to some or all of these questions, your worker is probably an employee and not a contractor. You should contact us for advice before hiring or continuing to treat the workers as contractors. Remember, if you take on an apprentice, trainee, labourer or trades assistant, those workers are always employees, never contractors.

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At Alltax WA, Annaliese personally looks after all your tax and accounting work from start to finish, year after year. We do not hand over to juniors or send your work overseas to be processed.

It would be my pleasure to assist you with all your tax and accounting needs, please contact me to book an appointment.

Book an Appointment

It would be my pleasure to assist you with all your tax and accounting needs, please contact me to book an appointment.

CALL 0420 540 220

Registered Tax Agent

Annaliese is a registered agent for ASIC, a certified advisor for Xero, registered on the Tax Practitioners Board and a registered agent for Intuit Quickbooks.