What to bring to your tax return appointment If you’re coming in soon to discuss your tax return for yourself or your business with one of our accountants, then you want to be fully prepared by not arriving completely empty handed, or at least be prepared with some records or have easy access to them. […]
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The ATO has issued guidelines on making claims for mobile phones, home phones and internet expenses If you are using your mobile or home phones and internet for work purposes, then you may be able to claim a deduction if you have records to support your claims. But the ATO points out that use for both
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Get your claims right… The Australian Tax Office is strongly recommending that rental property owners closely examine the information on its website to make sure they are really clear about their obligations to get their tax claims right in 2016. Assistant Commissioner Graham Whyte said the ATO would be paying close attention to excessive interest
Rental Property Owners – ATO Is Watching You! Read More »
Better late than never! As the end of the financial year draws near it’s time to think about what strategies you can adopt to avoid paying more tax than is necessary for the 2015-16 year. This is simply a list of possibilities to direct your thinking and not all of these tips will be suitable
Last Minute Tax Planning Tactics Read More »
How prepared are you for tax time? 30th June, the end of the financial year is drawing close and to help you prepare here are our top 7 tips for your 2015-16 tax return. Please note that this list is not exhaustive, and we will need to review the items in light of your personal
Top 7 Tax Tips For Investors Read More »
ATO Laws regarding capital gains tax conditions and exemptions relating to your main residence can be confusing. This article aims to eliminate the confusion. CGT Main residence exemption Main residence CGT (Capital Gains Tax) exemption can be extended to cover the time it takes to construct (or repair) that residence. This is sometimes referred to as
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