December 2024

Understanding the Australian Government’s plan for cash and cheques

As digital payments become increasingly prevalent, the Federal Government has announced it’s taking significant steps to modernise the nation's payment system while working to ensure that no one’s left behind. This involves maintaining the use of cash for essential transactions and phasing out cheques in a gradual manner.

November 2024

Do you rent out your holiday home?

If you own a holiday home you might rent it out at times when you’re not using it yourself. Remember, you should seek professional advice if you have any concerns. 

If your holiday home is rented out, the rental income you receive is taxable. You can claim expenses for the property to the extent they’re incurred in earning that rental income.

Your expenses will have to be apportioned if:

October 2024

Tax consequences of sharing your home

Homeowners can share their homes in a range of ways – you might have an agreement to rent out a room, offer short stays through a platform like Airbnb, accept money from a friend who sometimes needs a bed, or receive board payments from family members. Some of these situations will affect your assessable income and what expenses you can claim at tax time. 

Halys & Sells 2022 Update

After 34 ½ years full-time in the Accounting Profession and 25 ½ years in full-time Practice from 1 July 2021 John Halys will be semi-retiring to enjoy life post full-time employment.  For those who know John well you could say that he is taking his own advice. 
 
Emma is buying John out of the partnership and the subsequently there will be a change in the business name to Emma Sells & Associates.
 

Connect42 Just $42 Challenge

Join the Just $42 Challenge!

With your help we can achieve the ambitious goal of #100PercentLiteracy for Tasmania by 2030.