If you’re searching for a local accountant in Ashfield, Belrose, Northern Beaches, or simply a trustworthy local accountant in Sydney, you’ve probably asked yourself these questions:
- “Can my investments, personal travel, or business activities reduce my tax?”
- “Should I set up a trust to protect against Capital Gains Tax (CGT)?”
- “What exactly is tax-deductible and what isn’t?”
You are not alone — and you deserve clear, practical answers.
📌 Real Client Question: From Confusion to Clarity
A recent client came to us and said:
“We just started a new business and want to know our rights and what expenses we can legally use to reduce our taxable income.
We also invest in precious metals and property.
Can our recent working holiday be tax-deductible?
Should we set up an investment trust to protect us from CGT?”
This is where many accountants fall short — they only lodge tax returns.
At EndureGo Tax, we go further. We plan your wealth, not just your tax.
✅ Expert Insight by John Cheng (FCPA, 30+ Years of Experience)
Our founder, John Cheng, broke it down for them in simple terms and examples you can apply today.
1️⃣ Can a Working Holiday Be Tax-Deductible?
Only if there’s a clear business purpose with supporting proof.
| Scenario | Tax Treatment |
|---|---|
| Travelling for business meetings or trade purposes | ✅ Deductible |
| Travelling for personal holiday or leisure | ❌ Not deductible |
| Mixed trip (business + holiday) | 🔶 Only business-related expenses allowed |
Here’s what you should do:
- Document the business purpose clearly
- Keep receipts and travel logs
- Separate private and business costs
- Avoid ATO penalties by being transparent
⚠️ Remember: If the ATO audits and disagrees with your claim, the penalty can reach up to 95% of the avoided tax.
2️⃣ Can Precious Metals or Property Be Used for Tax Benefits?
Yes — when structured correctly.
| Strategy | Benefit |
|---|---|
| Hold property in a trust | CGT flexibility + family tax planning |
| Treat precious metals as trading stock | Tax deductions if part of business |
| Claim property depreciation | Save thousands yearly |
John explains:
“Assets aren’t just investments — they’re tax opportunities if structured the right way.”
3️⃣ Should You Set Up an Investment Trust?
If you’re a serious investor, the answer is often yes.
Here’s why:
- ✅ Better CGT protection
- ✅ Flexibility to distribute income to family members on lower tax rates
- ✅ Strong asset protection for business owners
- ✅ Easy to add new investments later
Example:
A client sold a property with a $200,000 capital gain.
By distributing the income through a trust:
- To the spouse → taxed at a lower rate
- To an adult child → possibly under the tax threshold
Result: Potential tax savings of tens of thousands of dollars.
🔍 Why Guidance Matters More Than Data Entry
This client’s case involved:
- A new business
- Property investments
- Precious metals
- Travel deductions
That’s a complex tax environment requiring more than simple bookkeeping.
Most accountants might say:
“Give me your numbers, and I’ll lodge your return.”
But at EndureGo Tax, we ask:
“How can we help you reduce tax legally and protect your assets for the long term?”
That’s what sets us apart — we offer wealth strategy, not just tax compliance.
🌍 Servicing Sydney with Local Expertise
Whether you’re after a:
- ⭐ Local accountant in Ashfield
- ⭐ Local accountant in Belrose
- ⭐ Local accountant in Northern Beaches
- ⭐ Local accountant in Sydney
We’re ready to help you:
- ✅ Maximise deductions (legally)
- ✅ Protect assets from CGT
- ✅ Build a long-term wealth structure
- ✅ Stay compliant and ATO-safe
🎯 Final Advice: The ATO Has the Final Say
What your accountant advises is important, but remember — the ATO Commissioner has the final word on deductions and claims.
That’s why choosing the right accountant early can save you thousands in penalties and missed opportunities later on.
💼 Book a Free 15-Minute Strategy Call Today
Ready to make smart financial decisions?
📞 Book a free consultation with John Cheng, FCPA —
a trusted accountant with over 30 years of tax and investment experience, who’s helped clients save millions in taxes through smarter structuring.
👉 Book Online: https://www.endurego.com.au/online-booking/
📍 Offices: Ashfield & Northern Beaches (Belrose)
Let’s make the complex simple — and protect your wealth the smart way. 💼✨
