Using a corporate trustee for your SMSF
Choosing between an individual and a corporate trustee is an important decision that arises when establishing an SMSF. Despite this decision’s significance, many SMSF members often appoint trustees without understanding the difference between the two. It is important for SMSF members to understand the advantages and disadvantages of appointing an individual or corporate trustee. Although…Read more
Rental Property Investors What You Can and Can’t Claim?
Rental properties have been on the ATO radar. With the surge in real estate sales, especially residential investment properties, the ATO has taken a close interest in the expense claims property investors make concerning their rental properties. ATO’s Radar on Rental Property Claims for 2015 The Australian Tax Office (ATO) has expanded its…Read more
It’s a new financial year!
Let’s make 2015/16 the year you take control of your tax and improve your financial wellbeing. At Lee & Lee, our aim is to help private business owners and property investors to make smarter informed decisions so you can have a secure and brighter financial future. We have prepared a simple and useful checklist…Read more
FEDERAL BUDGET 2015
Power to amend fraud and evasion under The Commissioner of Taxation has been granted power to modify the time limit for assessments and testing of fraud and evasion, which normally varies between two and four years. Under subsection 170 (1), (2) and (3) of the Income Tax Assessment Act 1936 (ITAA), the Commissioner can adjust…Read more
FEDERAL BUDGET 2015
R&D and other incentives The Budget has announced it will cut the corporate tax rate by 1.5 per cent for small businesses with an annual turnover less than $2 million. For small business, this will also incur additional R&D benefit, where the permanent tax benefit will increase from 15 to 16.5 per cent. Small businesses…Read more
FEDERAL BUDGET 2015
Budget focus on stimulating small business activity The Budget has introduced a number of measures for small businesses designed to revive investment and support entrepreneurship and startups. Tax cuts The Government has followed through with its announced 1.5 per cent tax cut for small businesses with an annual turnover of less than $2 million, which…Read more
Property Tax Specialists Accountant As Property Tax Specialists we can help you who’ve invested in property to maximise your tax refunds by implementing tax minimisation strategies. The Property Tax Specialists are an award-winning leader in the Australian taxation field, with most experienced and knowledgeable experts in accounting, business add property investing. We can help with…Read more
Y o u r P e r s o n a l G u i d e t o W e a l t h C r e a t i o n Make the most of transitioning to retirement As of July 1 2014, there have been some changes to the concessional superannuation contributions…Read more
5 Steps to Stronger Super
Australians who start planning their super strategy earlier have a better chance at securing the retirement that they want. Here are five steps to creating a strong super strategy: Good Advice: Seek professional advice because superannuation is complicated and your accountant can guide you towards making the best decisions. Fees: Look very carefully at the…Read more
Negative gearing for property investors
Negative gearing is arguably the most generous tax break available to Australian property investors. Whether you’re an established property investor or contemplating purchasing your first investment property, you may care to familiarise yourself with the way that negative gearing works. A property is considered to be negatively geared if the owner has taken on debt…Read more
Susan Flux, Brisbane
Since that time I known Tony and his team at Lee and Lee, they have provided me with outstanding advice and services regarding my personal, family and especially my SMSF borrowing setup for wealth creation and tax reduction strategies that have since led to financial independence.
I now very clear and feel confident on my future financial goals and taxation strategies and know they can be achieved with Tony's expert and professional help.
Shukri Barbara, Property Tax Specialists Sydney
Tony has impressed me with his technical knowledge and execution. He works with honesty and integrity and is generous in his dealings.
John Mu, Internet Marketing Strategist Gold Coast
Tony has the strategies which are helping me legally minimise tax. He has helped me in my personal development and wealth creation to build a multimillion dollar property portfolio.
If you want a hands-on accountant who knows his stuff...Tony Lee is the man!