Grace Accounting and Business Solutions

Grace Accounting and Business Solutions Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Grace Accounting and Business Solutions, Accountant, Harrison.

Accounting firm specializing in tax and finance needs and business solutions for individuals, sole traders and small business
Asvada Investments Pty Ltd Trading as Grace Accounting and Business Solutions
TAN: 26305338

23/05/2026

People in Australia 🏠 Renting and working from home? You might be able to claim part of your rent — but only if you get this right.
Most people assume rent is never tax deductible. That's not quite true.
If you're self-employed, a sole trader, or running a side business from home — and you have a dedicated space used exclusively for work — you may be able to claim a portion of your rent as an occupancy expense.
Here's what the ATO actually looks at:
✅ Is the space set aside solely for work? (Not a dining table you clear away)
✅ Is your home genuinely your principal place of business?
✅ Do you have no other office provided by an employer?
If you tick those boxes, you can calculate the deductible portion based on the floor area used vs. total home size.

⚠️ If you're a regular employee working from home — rent is generally not deductible, even with a home office. But you can still claim running costs like electricity, internet, and equipment using the ATO's 70 cents/hour fixed rate method this EOFY.
The rules here are genuinely nuanced — and getting it wrong can trigger an ATO review.

📩 Not sure which category you fall into? We help small business owners sort this out every EOFY. Send us a message or book a free 15-min call.

21/05/2026

When the cost of owning your investment property (loan interest, rates, repairs etc.) is MORE than the rent you receive, you make a loss.
That loss can usually be claimed as a tax deduction to reduce your taxable income.
Many investors use negative gearing to build long term wealth while getting some tax benefits along the way.

21/05/2026

Time to be ready for your 25-26 tax return! Get yourself prepped!

Australia’s CGT rules just got their biggest shake-up in 27 years — and if you own investment property or shares, this a...
16/05/2026

Australia’s CGT rules just got their biggest shake-up in 27 years — and if you own investment property or shares, this affects you. 👇

Here’s what’s changing from 1 July 2027:

❌ The 50% CGT discount is being replaced with an inflation-linked discount
❌ A new 30% minimum tax on all capital gains kicks in
❌ Negative gearing on established properties is gone
✅ New builds keep the old 50% discount AND negative gearing

The government’s goal? Push investor money toward new housing supply instead of existing homes.

The good news: only gains arising after 1 July 2027 are impacted — so past gains are protected.

Swipe through for the full breakdown 👉

⚠️ These are proposed reforms, not yet law. Always speak to a qualified accountant before making decisions.

AustralianProperty TaxTips PropertyTax Budget2026 AussieInvestor NegativeGearing WealthBuilding FinanceAustralia MoneyTipsAustralia TaxPlanning

13/05/2026

2026 Australian Federal Budget: What it means for Business: Source NAB Economics

What has the budget delivered for business
Concessional Capital Gains Tax (CGT) discount removed

From 1 July 2027, the 50% CGT discount will be replaced by cost base indexation for assets held for more than 12 months, with a 30% minimum tax on net capital gains. These changes will apply to all CGT assets, including pre-1985 CGT assets. Investors in new residential properties will be able to choose either the 50% CGT discount or the cost base indexation and the minimum tax.

Negative gearing

From 1 July 2027, losses from established residential properties will only be deductible against rental income or the capital gains from residential properties. Excess losses will be carried forward and able to be offset against residential property income in future years. Negative gearing will continue to be available for new residential property.

Discretionary Trusts

From 1 July 2028, the introduction of a 30% minimum tax on discretionary trusts.

Working Australians Tax Offset (WATO)

From 1 July 2027, a permanent annual tax offset of $250 for income derived from work.

Instant tax deduction

From 1 July 2026, an instant tax deduction of up to $1000, with no need to itemise and claim work-related expenses.

Instant asset tax write-off

From 1 July 2026, the $20,000 instant asset write-off for small businesses with turnover up to $10m will be permanently extended.

Tax loss carries back

From 1 July 2026, companies with turnover less than $1bn can carry back losses to offset prior tax paid up to two years earlier, capped by franking balances and limited to revenue losses.

Loss refundability

After 1 July 2028, start-ups with less than $10mn turnover can convert tax losses in their first two years into a refundable offset, capped by the firm’s FBT and wage withholding tax paid in that year.

National Health Reform Agreement (NHRA)

$18.1bn to increase Commonwealth funding for public hospitals.

Defence

Additional funding of $6.8bn over the next four years.

Fuel excise and heavy vehicle road user charge

From 1 April 2026, temporary reduction in the fuel excise and road user charge for heavy vehicle for 3 months.

Electric Vehicle Discount

EV tax concession to be scaled back based on vehicle value, with the full FBT exemption retained only for lower-priced cars (under $75k from 2027) before transitioning to a flat 25% discount for all eligible EVs by 2029.

11/05/2026

Renters — before you lodge your tax return, run BOTH methods 👀 The 70cents rate is easy but the actual cost method could put hundreds more back in your pocket. All you need is your floor plan and rent receipts 🧾✅

09/05/2026

Salary sacrifice with a PBI job can make a HUGE difference on your take home pay 💰
Same salary… but less tax 😮
Example: Someone earning $80k in a normal job vs $80k with PBI salary packaging could potentially keep thousands more in their pocket every year 👀
Especially for Nepali living in Australia working in aged care, disability or charity sector — yo kura bujhnu ekdam important cha 🇦🇺🇳🇵
More take home pay = more savings, faster home deposit, less tax legally ✅

08/05/2026

Stop leaving money on the table at tax time 🚗💸 If you use your car for work, the ATO Logbook Method could get you a MUCH bigger deduction than the cents-per-km method. You need to track 12 continuous weeks to establish your business use percentage — then you can claim fuel, insurance, rego, repairs, servicing, loan interest, and even depreciation on the car itself. Do it once and the logbook is valid for 5 years! Save this before EOFY 🗓️

30/04/2026

तपाईंले धेरै कर फिर्ता पाउनु भनेको वर्षभरि सरकारलाई ब्याजबिनाको ऋण दिनु जस्तै हो।
धेरैलाई यो राम्रो लाग्छ, किनकि एकैचोटि ठूलो रकम हातमा आउँछ।
तर वास्तवमा हेर्दा, त्यो पैसा तपाईंले पहिल्यै प्रयोग गर्न सक्नुहुन्थ्यो।
सही कर योजना बनाएर तपाईंले आफ्नो मासिक आम्दानीलाई अझ राम्रोसँग व्यवस्थापन गर्न सक्नुहुन्छ।
थोरै थोरै बचत र लगानी गर्दा त्यो पैसा अझ बढ्न सक्छ।
त्यसैले कर फिर्तालाई मात्र खुशीको रूपमा होइन, आफ्नो वित्तीय रणनीतिको रूपमा हेर्नुहोस्।
स्मार्ट बनौँ, आफ्नो पैसालाई आफ्नो लागि काम गराऔँ।

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Address

Harrison, ACT
2914

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm
Saturday 9am - 7pm
Sunday 9am - 7pm

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