Tax time is here! Are you paying too much tax ?
Do you own or have you bought an investment property in the past financial year?
Or… have you recently refurbished, altered or extended your investment property in the past financial year?
Or… do you own an investment property but have never claimed depreciation in the past?
Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all.
If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions.
Property tax allowances (commonly known as depreciation) provide an opportunity for owners of income producing property to reduce their taxable income, thus reducing the tax payable. Continue reading
Farewell to Paul Mazoletti
After 25 years with Napier & Blakeley, Paul Mazoletti informed us in July last year, that he would be retiring from N & B.
Paul’s time at N & B has now formally come to an end and we would like to thank him and also acknowledge what a great asset he has been for Napier & Blakeley over that time.
As Paul often put it, he “put his body on the line” for N & B and we can say with total certainty that never a truer word was spoken, and he met a lot of friends and new clients along the way.
Our succession planning nationally is always ongoing, and the handover to our Queensland team has been exactly that for a number of years, and we are sure you have already dealt with many of our senior people in the Brisbane office.
Continue reading →