Many people may be able to save time and money on their tax return by gaining a better understanding of the Capital Gains Tax rules. It is widely known that... read more →
Staying on top of your records all year round can save time, prevent unnecessary stress and help maximise a small business’s tax return. Although record-keeping can seem like a monotonous... read more →
There are a number of small business tax breaks that it pays to be aware of as the end of financial year approaches. We have compiled this brief overview to... read more →
This tax season will see the ATO specifically targeting extreme or inappropriate deductions made by rental property owners. While it is not uncommon to make some mistakes when claiming rental... read more →
Sometimes business owners need their employees to develop or grow their expertise and skills in a particular area. While training courses like seminars and one-day intensives can be a worthwhile... read more →
Don’t get caught out by the ATO when lodging your work related expense claim this financial year. Unusually high work-related expense claims from any industry or occupation in the country... read more →
Are you considering winding down your business? There are many reasons that business owners may decide to exit their business, but in every case there are tax and superannuation considerations... read more →
Your health care rebate entitlement is calculated using your assessable income as well as your age. When you lodge your income tax return, your rebate is assessed using income... read more →
Refund fraud occurs when people deliberately falsify tax returns, activity statements and other documents to claim refunds, rebates or offsets from the ATO that they are not entitled to. These... read more →
Businesses that are run from home can claim deductions on their tax return. 1. Cost of room’s utilities These claims must be apportioned and if the portion is based... read more →