Rental Bond Data
Did you know the ATO has announced its intention to collect real property rental bond data from state and territory rental bond authorities dating back to 20 September 1985 (the introduction of the CGT regime)?
The data will be collected to identify individuals who have income tax reporting obligations for income producing properties or […]
In the ATO guide for hospitality workers, the ATO states:
To claim a work-related deduction:
you must have spent the money yourself and weren’t reimbursed
it must be directly related to earning your income
you must have a record to prove it.
If the expense was for both work and private purposes, you can only claim a […]
Tax time can create a fair amount of stress for individuals and business owners who haven’t lodged a return for a years or who are worried about a tax debt to the ATO.
Please don’t bury your head in the sand. Did you know the ATO offers a range of options to help and your trusted […]
The following helpful information was published July 18, 2018 by Business Victoria:
“Are you one of the many Australians who earn additional income through the sharing economy? If so, you may have tax obligations.
What activities make up the sharing economy?
Common examples of sharing economy activities include:
ride-sourcing: transporting passengers for a fare
renting accommodation such as a […]
Do you know the car threshold amounts that apply from 1 July 2018?
The ATO has announced that from 1 July 2018 the following car threshold amounts apply:
Income tax
There’s an upper limit on the cost you use to work out the depreciation for the business use of your car or station wagon (including four-wheel drives). You […]
Own a rental property in Australia? Check out the ATO’s latest rental properties guide to help you get your tax return right! Click the link below to go straight to the ATO’s latest guide.
If you’re time poor and would prefer to outsource your tax return preparation and lodgement while ensuring you don’t make a mistake […]
4 days to Tax Time! What deductions can I claim, I hear you ask? Do you know the deductions specific to your industry or occupation?
Below is a link to quick reference guides that are occupation and industry specific to help you claim what you’re entitled to. Take the time to read them. This is something you […]
The end of financial year is fast approaching.
30 June falls on a Saturday this year and we traditionally experience a high influx of calls and emails in the last week of the financial year. To ensure our service best meets your needs, we recommend you contact us now for any support or assistance you require […]