Federal Government has brought forward the planned 2022 tax cuts to help stimulate the economy Seen as a controversial move and sitting at $17.8 Billion over the original estimate, a fast tracked and enhanced version of the planned tax cuts in Australia is here. If you earn over $37,001 a year, which is 11 million […]
Tax
Work from home this year? How to claim expenses the right way
Is a shortcut always the best option? Due to the mass exodus from commercial office to home office over the last few years, the ATO extended their simpler, Shortcut Method to claim work from home expenses. Initially intended to run for a year when C-19 rudely interrupted our ‘Normal’, as the trend for working from […]
A guide to de-facto tax: What happens now you are 2?
It doesn’t matter whether you are for or against the joint finances debate, once you sign a rental lease or a purchase contract with a partner you become a de-facto couple by law and when it comes to tax. What does this mean? Well apart from sounding like an antacid tablet, for tax concerns, de-facto […]
Holiday rental tax deductions: getting it right!
You could be eligible for valuable holiday rental tax deductions if you own a property you use as a holiday rental It usually takes a little time to see a profit but with holiday rental sites like AirBnB and others making holiday rental investments even easier, a growing number of property owners have turned their attention […]
Rental Property Tax Deductions
Are you claiming all your Rental Property tax deductions? If you own an investment property (or are thinking of purchasing one) there are many related expenses that you may be entitled to claim as a rental property tax deduction. However, the expenses you can claim as rental property tax deductions can vary depending on your circumstances. They […]
ATO scammers: What to look for
There are many ATO scammers out there, reputing to be the ATO and using various different means to extract money out of taxpayers. Many of these fraudsters are very clever and will go to great lengths to appear legitimate. What can you do to protect yourself? The ATO have been very active in raising awareness […]
Truck driver tax deductions – What to claim at tax time
Truck drivers often spend a good deal of time away from home so have expenses that quickly mount up. Luckily many of these expenses can be claimed as tax deductions on your annual tax return. Truck driver tax deductions include expenses for training, meals, accommodation, clothing as well as maintenance and repairs of the vehicle. […]
Tradie Tax Deductions: Claim everything you’re entitled to
Tradies work long and hard to meet tight deadlines, which often leaves little time or energy to think about finances and taxes. As a result many tradespeople pay too much tax, miss changes in legislation or suddenly find their cash flow is not as healthy as they thought. Does this sound like you? Stay in control Apart […]
Tax Agent
