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Director ID Numbers – REMINDER

We again take this opportunity to remind all clients about the requirement for all company directors to obtain the new Director ID number. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporations are now required to obtain a director ID. A director ID is a unique...

Negative gearing and positive cashflow is possible

There’s a shortfall between the income said property generates and the costs it incurs. The investor’s accounts show being out of pocket as their income doesn’t cover costs, yet they don’t seem stressed about it. In fact, come tax time, they seem particularly relaxed. Why? Tax evasion. Just kidding. The answer is much more legal:...

Things to consider before starting an Airbnb

“They must be making a killing with this place”, said every person who’s ever stayed at a nice-but-seemingly-expensive-for-what-it-is Airbnb in Australia. You take your coffee out to the front porch of your ‘Romantic Farmhouse Orchard Escape’ set on a sprawling property with hectares to spare and start crunching some numbers. ‘What are the overheads, really?’,...

Your suburb’s 2021 property report card is in

With all the talk of record-breaking property growth throughout 2021, do you know how exactly your suburb and property type performed? Today we’ll show you how to find out in just a few clicks. You’ve probably heard all the talk of national housing values soaring in 2021 – by 22.1%, to be exact. But that...

Top 5 tips for buying property interstate

Whether you’re looking to move or invest interstate, there’re a few things worth taking into consideration before you take the property plunge. Like, for instance, do you have plans to travel between now and 2058? Then take WA off the list. Prefer to wear closed toe shoes to the supermarket? Goodbye QLD. Unphased by politicians...

New Requirement for Director Identification Number

All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director ID). About director ID A director identification number (director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use...

Jobsaver Update

The Federal Treasurer Josh Frydenberg has announced that the Commonwealth will move to wind back  support for businesses once 70 percent of a state’s over-16 population is fully vaccinated and at 80 percent the support would cease. In NSW this would mean support would stop before the end of  October.  However, the NSW Treasurer Dominic...

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