Articles
Travel Allowances Claims – Exception for Substantiation
What is a travel allowance? A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when ...
SMSF Tax Deductions
What tax deductions can your SMSF claim? SMSF Sole Purpose Test The sole purpose test is a fundamental that SMSF trustees should keep in mind ...
Proof Of Mobile, Home Phone And Internet Expenses
ATO has issued guidance on making claims for mobile phone use as well as home phone and internet expenses If you use a mobile, home ...
Holiday Home Rental Tax Deductions – ATO Warnings
Is your holiday rental actually rented out? Australia has a lot of popular holiday destinations and the ATO is reminding taxpayers that it has its ...
What To Take To Your Tax Return Appointment
Be well prepared for your tax return appointment Tax is something that we usually prepare for but the question is how well prepared are you? ...
Streaming Trust Capital Gains And Franked Distributions
This information is for trustees and beneficiaries of trusts that make capital gains or received franked distributions. Trust Capital Gains A recent statement from ATO ...
Is Your Income Tax Free?
Tax-Free Income ... It is possible to receive amounts that you don’t need to tell the tax man about, and don’t have to include as ...
Guide For Capital Gains Tax Relief And Your SMSF
What is transitional CGT relief? Transitional CGT relief is temporary relief available to all complying super funds, not just SMSFs, for certain Capital Gains Tax ...
Business Tax Planning Strategies
End of Year Tax Planning Tips The general rule is that you can claim deductions for expenses your business incurs in the process of generating ...