Child death benefit recipients and the transfer cap
The death of a parent is hard on all those involved, however once the grieving has eased, a time comes to address financial matters. One…
The death of a parent is hard on all those involved, however once the grieving has eased, a time comes to address financial matters. One…
Interest can be claimed for the cost of funds borrowed to purchase a rental property and to meet maintenance costs or running expenses while the…
Certain start-up expenses, including costs associated with raising capital, that would otherwise be deductible over five years are immediately deductible (from July 1, 2015) where…
A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their…
When a life insurance policy has been held by a taxpayer for 10 years or longer, reversionary bonuses received on that policy are generally tax-free.…
Click here for a pdf version of this article. Travel allowances and proper use of the exception to substantiate claims A travel allowance is a…
ATO announces what’s new in pre-filling The ATO has published what pre-fill information is available for this Tax Time. It says the pre-filling service can…
The ATO has issued guidance on making claims for mobile phone use as well as home phone and internet expenses, and says that if you…
Just when many Australians are considering getting away for a mid-winter break, the ATO is reminding taxpayers that it is paying close attention to rental…