Here are our Top Claimable Work Related Expenses! Note – every individual circumstance is different. Please contact us for advice! Call 07 3245 1466 or email [email protected] to make an appointment with your friendly local accountants at TBC.
Travel Expenses
You may be able to claim a deduction for work-related car expenses if you use your own […]
Small employers (19 or fewer employees) must meet the Superstream standard by 30th June 2016.
If the only contributions you make are personal contributions for yourself or contributions to a related self-managed super fund (SMSF), you don’t need to use Superstream.
Choose an Option
To use SuperStream, you need to pay super and send employee information electronically. If […]
The Tax Office has found that there are some landlords who may not be entirely sure about whether they are correctly claiming their property rental deductions. In particular, it has found that many property investors are making simple mistakes that could be avoided with little guidance.
There are some expenses that you will need to you […]
The ATO has advised that it is continuing its ongoing “Real property transactions 1985-2017 data matching program protocol”
It is undertaking this program to basically ensure that taxpayers are correctly meeting taxation obligations in relation to their dealings with real property, i.e., CGT on property sales and income tax on rental income.
For the period 20 September […]
Have you taken advantage of the Governments $20,000 asset write – off for small business?
If your answer is No- then you need to speak to us find out how the Government initiative can benefit your business.
If you are an incorporated or non-incorporated small business you are able to take advantage of this offer- the only […]
The Government has extended the FBT exemption with respect to eligible work-related items that are provided by small business entity employers to their employees. These changes apply from 1 April 2016 (i.e. from the commencement of the 2017 FBT year).
Under the changes, small business entity (‘SBE”) employers will not be limited to providing one eligible […]
The ATO has reminded tax practitioners that from 1 July 2015, car expense deductions for individuals were simplified.
Prior to 1 July 2015, there were four methods for claiming car expenses:
Cents per kilometre – capped at 5,000 kms
Logbook – unlimited kms
12% original value
One- third of actual expenses.
To simplify the rules, from 1 […]
Some common questions people often ask themselves about whether you should use an accountant to help with your tax return:
How complicated is your tax return likely to be?
Are you prepared to take full responsibility for your tax return?
Would it be cost and time efficient to hire an accountant?
We offer an obligation free […]