By: Max Newnham
Don’t make this common mistake.
Many small businesses are often started on a part-time basis while the owner is working full-time. This can mean a portion of the…
Home Office Deductions: What Substantiation Will the ATO Accept?
By: Steve Burnham
Home office expense claims are subject to the same general substantiation requirements as other deductions – that is, records must be kept for five years.
But in…
5 Tips to Get Home Office Deductions Right
By: Steve Burnham
Your client might be sick of the daily commute, or want more flexibility of hours – or it could be that they have a talent or skill that…
Substantiation Exception for Reasonable Travel Allowance Expenses
By: Steve Burnham
One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance…
Margin for GST Error
By: Max Newnham
Are there any tax advantages for buying either new or used for my business?
When a business is registered for GST it can claim a credit for GST…
Talking Point: Are We Ready for a Standard Work-related Expenses Deduction?
By: Steve Burnham
Even though tax reform is more than likely on hiatus for the next three years, it is worthwhile to re:visit that Tax & Super Australia made a submission…
Top 5 Most Forgotten Tax Deductions
All of a sudden it’s tax time again. Yes, it’s 12 months since you started collating your receipts and giving your tax agent a call. Tax time can be…
Can Your Client Claim a Tax Deduction for Insurance Premiums?
As a general guideline, the ATO will allow a deduction for insurance premiums if it can be shown that the insurance cover relates to earning assessable income. Income protection…
In the Rush Before Tax Return Deadline, Don’t Waste Time Claiming These
With the October 31 tax lodgment deadline looming large on the horizon, many taxpayers may be scrambling to patch together a few possible tax deductions they hope to be…
Congratulations, You’re a Landlord; Now Get Your Tax Deductions Straight
By: Melissa Browne
If you’re one of the many Australians who purchased a rental property during the 2016 financial year, moved out of their home and rented it out, or are…
