It's the new year, so make a new year's resolution to take back control of your finances. Andrew gives some tips on how to make that start. To find out more about our financial planning services click here.

One of the most common questions we are asked by individuals, sole traders and small businesses is how much they can claim for their work vehicle(s), what is tax deductible?, and how to provide evidence. Under Australian tax law, you are able to claim any employment-related car expenses if you incur them while using your own vehicle to perform your job as an employee.If you own a business, claiming expenses and how you calculate them depends on how your business is set up – if you are a sole trader, company, partnership or trust, the type of vehicle you use, and specifically how the vehicle is used. There was a shake-up regarding motor vehicle expenses claims in 2015 when the ATO changed the regulations and new rules were brought into play. Now, there are only two ways to calculate your motor vehicle expenses: Cents per kilometre You can claim up to 5,000 business kilometres per car per year and from 30 June 2018, the rate increased to 68 cents per kilometre regardless of the size of your engine. Written evidence is not required to be kept, however [...]

Wishing you a Happy New Year! We have had a busy and exciting 2018, bringing all our new services under one roof. Earlier this year, we launched our new branding, our new website and our insurance and financial planning divisions of Taxpro – Insurepro and Mi Wealth. More recently, Taxpro announced its expansion into the mortgage and finance sector with a specialist in-house broker and in the new year we will also be launching a new legal division! We would like to thank you for all your wonderful support this year, and wish you and your families a very safe, happy and enjoyable festive season, and may the new year bring good health, wealth, and happiness to all. Please note that our office will be closed until 9am Monday 7th January 2019.   Contact us