If you operate a small business (not a non-profit organisation), then the following may be of interest to you. Claiming your business expenses Running a business at or from your home is similar to running any other business. That is, if you operate a home-based business, you can generally claim similar expenses to a business Read More…
ATO – are you ready for an Audit
Wednesday 8 April, 2015 by
As a taxpayer, you mustn’t forget it is your obligation to ensure that your tax return is correct. You cannot just assume that by using the services of a Registered Tax Agent to prepare & lodge your tax return, that your obligations are reduced. In recent rulings, the ATO has emphasised that taxpayers cannot use the Read More…
ATO news July 2014
Monday 7 July, 2014 by
Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…
Tax Tips 2013/14
Monday 9 June, 2014 by
Tax Planning Strategies to Reduce your Tax As the tax you pay depends on your taxable income, increasing your tax deductions before the end of June is definitely a way to reduce your tax. With the 2013/14 end of financial year fast approaching, here are some tips you can use to minimise your tax: – Read More…
