Category: Tax

The Shortcut Method: Claiming Your Work From Home Deduction

There’s a new normal towards how Australians are approaching their work, with remote working now a more viable option for businesses and their employees, and it’s affecting the way that Australians now…

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Consequences Of Improperly Lodged Tax Returns

With tax return season approaching quickly this year, you may have already started looking into lodging your income tax return. Ensuring that your details are correct and that any information about your…

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How Different Trust Types are Taxed

A tried and true method of investment, trusts are generally and commonly known as being for the wealthier elements of society. A trust however is a highly versatile tool that individuals and…

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The Sharing Economy And Your Tax Return – How You Could Be Affected

In Australia any income earned by a job may be considered to be taxable income. Those who receive their income via the sharing economy are no exception to the rule. In fact,…

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Interest On Your Home Loan Could Be Tax-Deductible

It’s a simple, step-by-step process used by many Australians to increase their income. Borrow money from a financial institution, invest in a second property and pay off the loan with the profit…

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Maximising Tax Returns On The “Side Hustle”

If you or someone that you know began a side business (or “side hustle”) during the last financial year, you would have to meet the tax obligations that come with that business,…

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Jobkeeper Repayments – Tax Deductible?

The end of the month will see the end of the Jobkeeper payment scheme from the government.  Eligible businesses who choose to voluntarily repay an amount from the Jobkeeper pay that they…

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Small Business Benefits or Taxable Concerns?

As an employee in a business, often there are perks that can come with the job. A company car, fuel money, perhaps some technology to help make things easier. Small business owners…

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Self-Education Expenses

Individuals who partake in self-education may be able to claim a deduction for their expenses if the education is related to their work or if they receive a taxable bonded scholarship. Courses…

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What you can salary package

Salary packaging allows you to create a ‘package’ of income and benefits.  In your salary package, you can include benefits that you would usually pay for with your income after-tax. These include…

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