Category: Tax

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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What You Need To Know About Working From Home When It Comes To Tax

If you have been in a situation with your employment where you have been forced to work from home, your taxable deductions could be different to a normal working year. Lockdowns, a…

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FBT Could Impact What You Can Afford To Give Your Employees – What’s Your Liability Looking Like?

As a part of your employees’ employment contracts, do they receive benefits such as a car space, gym membership or even a car to drive? These are what’s known as fringe benefits,…

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Preparing For Your BAS? Take The Mystery Out Of What You Might Owe The ATO With These Tricks

Been hearing a lot about business activity statements, and feeling more than a little pressure? Kicking off the new year for your business shouldn’t be shrouded in the darkness that can be…

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In The Spirit Of Giving These Holidays? Here’s What You Need To Know About Tax On Gifts Made To Your Employees

Are you considering giving your employees a treat this year as a thank you for their hard work? Certain gifts that are given to your employees may be claimable as a tax…

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