Southern Cross Accounting, a Specialist Accountant located within close proximity to the Brisbane CBD in Queensland, Australia. Our services include:
For further information on the services we provide, please phone us on 1300 722 570 or submit an enquiry.
RESIDENTIAL RENTAL PROPERTIES – BUDGET LEAKAGE MEASURES Travel expenses related to inspecting, maintaining or collecting rent for a residential rental property will be disallowed from 1 July 2017. From 1 July 2017, the Government will limit “plant and equipment” depreciation deductions to outlays actually incurred by investors in residential real estate properties. HELPRead More
End of Year Payment Summaries Hi, every year just after 30 June I get lots of emails and phone calls regarding payment summaries and payment summary preparation, so I’ve prepared a fairly comprehensive checklist to help you or your bookkeeper with the procedure. Employers are required to provide their employees the payment summaries by 14 JulyRead More
SMALL BUSINESS INSTANT ASSET WRITE OFF The Government will extend the current instant asset write-off ($20,000 threshold) for small business entities (SBEs) by 12 months to 30 June 2018. A small business entity if a company in 2017/2018 is an entity with a turnover less than $25M or if a trust less than $5M (don’tRead More
Federal budget 2014 – 2015 Accelerated depreciation Incredibly the budget introduced an immediate tax deduction for the purchase assets costing less than $20,000 for small business entities (SBEs) from 12 May 2015 to 30 June 2017. From 1 July 2017 the immediate tax deduction will revert back to $1,000 for small business entities. The writeRead More
Negatively geared property investing There’s been a lot of discussion recently regarding the removal of negative gearing as a tax minimisation strategy but many still don’t know exactly what it entails and exactly how it can help, so the following is an introduction. When a taxpayer purchases a residential property as an investment the rental income receivedRead More
Imagine how much you could be saving with the right financial advice? Southern Cross Accounting are the experts when it comes to Taxation and Accounting Services – our business is to know your business – offering you the latest financial advice available. We have built our business around the values of: • Convenience and accessibilityRead More