Search results

Don't agree Paul. Refer to the decision in McIntosh v FCT 2001. Courts held that a deduction can only be claimed for expenses actually incurred. The ATO reasonable amounts allow deductions UP TO the reasonable amount without substantiation. But if you have stayed in a dodgy hotel and paid...

Depends. Will the new accountant assist with ongoing advice. Do they have experience dealing with property investors and property developers ? Longer term will they help will asset protection, estate planning, tax minimisation, structuring, smsf etc ? Are they well versed in the many types...

Thats why hourly charge rates are ridiculous. An upfront fixed fee should be agreed and work to that. No surprises then. most clients tend to ask many questions during the year so expecting a cheap return with advice and an accountant tells me a few things. 1. They are an unsuccessful...