Coolum Accountants - Specialising in all types of Accounting, Taxation & Business Services - Phone 0754 462 422 - Email


When can you take your super?

The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind. The sole purpose test underpins access to […]

Car Expenses Fact Sheet

Click the following link to view the .pdf version: Car Expenses

Tax Tips for Property Investors

This brochure outlines the records you need to keep at each stage of your investment property journey. It includes easy tips to help you get it right throughout the year and provide your accountant with correct records at tax time. View the brochure below or download the PDF: Tax smart tips for investment properties

Rental Property Tips to Avoid Common Mistakes

This brochure outlines the 10 most common mistakes we see on tax returns for rental property owners, and how to avoid them: View the brochure below, or Download the PDF: Top 10 tips to help rental property owners avoid common tax mistakes

Tax Deduction Checklist

TAX DEDUCTION CHECKLIST Tax deductible? Admission fees: For lawyers and other professionals. Disallowed as capital cost. No Airport lounge membership: Deductions to the extent used for work-related purposes. Yes Annual practising certificate: Applies to professional persons and other contractors who must pay an annual fee to practice in their chosen field. Yes Bank charges: Deductions […]

Now is the time to Prepare For EOFY

With less than three months left of the 2017 financial year, it’s time to start preparing for the dash to the finish line. By now you should have had your 2015/2016 financial statements and tax return prepared. If not, then that needs to be your priority. Sure, you may have a 15th May lodgement date, […]

Early Tax Planning Can Save You $$

All too often, tax planning is left to the last minute, which makes it difficult to effectively reduce your potential tax bill! Tax planning can have some great benefits for any business, large or small. It involves evaluating the business’s current financial situation, estimating probable profit or loss for the end of the financial year, […]

Tax Guide for Airbnb Hosts

If you are considering joining up with Airbnb in order to rent out a part of your residence, there are important things to consider regarding how you manage your taxes. Rental income The income you earn from Airbnb activities will be assessable income in the eyes of the ATO and should be reported on your […]

Christmas Party Fails – The Top Christmas Problem Areas

Christmas….that time of year when the festivities not only bring joy but excessive expenses, potential harassment claims, and other employer headaches. As Phyllis Diller once said, “What I don’t like about office Christmas parties is looking for a job the next day.” This month, we explore the top Christmas problem areas: Getting beyond merry: parties […]

What’s involved in selling your business?

Selling your business can be a stressful time and unless you’ve done it before, it’s hard to know what to expect or what’s required to get the right result.  We’ve put together the top issues for business owners or investors to maximise their results. Understand what you are selling and the tax implications What you […]

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