Category: Tax

Taking Cash Payments For Services Rendered? Everything Needs To Be Reported…

If your business earns a part of its income in cold, hard cash, be prepared to have the Australian Taxation Office’s eyes on you this tax time. To protect honest, compliant Australian…

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Are All Of Your Details Correct Ahead Of The Tax Return Season? It Might Be Worth Checking Again…

It’s getting close to the time of year when your tax return may be on your mind. You may have even already started looking into what is required to lodge your income…

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Fraudulent GST Refunds Noticed By ATO

Registering for an ABN and applying for GST refunds when you don’t own a business or are not eligible is fraud. The Australian Taxation Office (ATO) has identified a significant number of…

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Digital Assets & Your Tax – Reporting Cryptocurrency On Your Return

Cryptocurrency is a hot topic of discussion in the taxation industry, due to its digital nature as an asset and the reporting requirements behind the tax on its earnings  Cryptocurrency may seem…

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Tax Returns Made Easy With The Do’s & Do Not’s Of Work-Related Expenses

The end of the financial year is coming up next month (30 June), and you may be looking for ways in which you could make tax savings in this year’s tax return.…

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New ATO Rulings To Readdress Car Parking Benefit For Employees Now In Place

It’s getting closer to the time that FBT returns need to be lodged, so it’s important to understand that there may be a change to the FBT liability of your business when…

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Tax Losses & Business – How To Work Out Your Claim

Before you claim a tax loss for your business, you need to make sure that you have correctly claimed the expenses that you are entitled to. If you overclaim expenses, your business…

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Individuals May Be Able To Claim On These COVID-19 Related Expenses On This Year’s Return…

People across different industries may have different items for work that they can claim a deduction on their tax returns for, but this season may see a few common occurrences across individual…

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How You Could Be Claiming Your Fuel This Year…

With the rise in petrol prices making everyone’s eyes turn to the Federal government for some relief, businesses may be feeling the pinch of the additional expense in running their vehicles. Whether…

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What You Should Not Be Reporting For Your GST

GST is an area that commonly has mistakes made in it – mistakes that can be costly and require additional measures to correct it if they aren’t caught in time. Many small…

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