Rental expenses in excess of income not deductible
With many parts of Australia in the grip of a rental crisis, a significant number of tenants may be residing in the properties of friends…
Deductions – General
Read MoreRental expenses in excess of income not deductible
ATO tax time focus for small business
ATO tax time focus for small business The ATO has released a tax time tool kit to assist businesses and us as your tax advisor…
Financing motor vehicles
Outright purchase The advantage of purchasing a vehicle outright, as opposed to financing the acquisition of the vehicle, is that there will be no ongoing…
Ride Sharing – The Rider
Deduction The same principles apply as per taxi fares. Where the fare is business-related, for example you are travelling from your office to a client’s…
Getting deductions for clothing and laundry expenses right
The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain…
Last-minute tax planning tactics
This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right…