by Camden Professionals | Apr 29, 2025 | Airbnb, Tax & Accounting, Tax Deductions, tax planning
In Australia’s booming sharing economy, platforms like Airbnb have created opportunities for homeowners to earn extra income by renting out a spare room or their entire property. But with income comes responsibility—and understanding the tax obligations is crucial to...
by Lilian Fisher | Mar 24, 2025 | Tax & Accounting, Tax Deductions
Think claiming tax deductions on vacant land is a breeze? Think again! What seems like a simple process is packed with rules, exceptions, and fine print that could leave you scratching your head. But don’t worry—we’ve got you covered! Whether you’re holding land...
by Camden Professionals | Nov 18, 2024 | FBT, Small Business Tax Deductions, Small Business Tips, Smalll Business, Tax Deductions
As the festive season approaches, many businesses turn their attention to end-of-year celebrations, gifts, and other perks for employees. However, these seemingly cheerful expenses can raise questions when it comes to Fringe Benefits Tax (FBT) and tax deductions. How...
by Camden Professionals | Oct 3, 2024 | Airbnb, Home Share, Property Investment Tips, Property Tax, Tax Deductions
Homeownership often comes with opportunities to generate extra income, whether through renting out a room, offering short stays via platforms like Airbnb, or accepting payments from family and friends. However, these arrangements can have significant tax implications...
by Camden Professionals | Sep 19, 2024 | Depreciation, Property Investment Tips, Property Tax, Tax Deductions
Creating wealth through buying an investment property is a well established practice in Australia. In fact, there are approximately 9 million residential dwellings in this country and almost 25% of them are rented from private landlords. According to the Australian...
by Camden Professionals | Aug 26, 2024 | FIFO, Perth Property Investment, Property Investment, Property Investment Tips, Tax Deductions
In Western Australia, the fly-in fly-out (FIFO) workforce faces unique financial challenges and opportunities. One notable advantage for FIFO workers is the potential tax benefits from property investment. These benefits can provide substantial financial relief and...
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