The unwieldy and often complex nature of the Queensland strata legislation provides plenty of stories, which can lead to the creation of a myth!

Following on from co-presenting with Commissioner Irons at the Southport Sharks last week, I thought it might be interesting to discuss one of the most prevailing myths – there must always be strict compliance with the strata legislation!

With 30 June 2019 almost upon us, preparations turn towards what needs to be done to be ready for the end of the financial year.

In this article we provide some ideas and tips that might assist with your end of financial year housekeeping, starting with rental property deductions and other areas of ATO scrutiny, including use of social media to confirm rental availability and Air BnB advert data matching!

We will also go over a few other areas of change to look out for in the following topics that may also affect you or your business:

1. Instant Asset Write off
2. Company Tax Rate
3. Low and Middle Income Tax Offset
4. Single Touch Payroll
5. Information for Micro Businesses
6. Deductions for Paying Employees
7. Superannuation Issues