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…
Deductions – General
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Working from home COVID-19
Answers to COVID-19 work-from-home expense questions and CGT concerns There are many questions being asked lately about claiming expenses when forced to work from home…
Reconstructing tax records after a natural disaster
The ATO says it can help if you have lost tax records due to a natural disaster such as a bushfire. It says it can…
Fictions (and facts) about work expense deductions
There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, hairdresser-homilies, what-your-taxi-driver-just-heard and many others. We sort out fact from…
Penalty interest can be deductible, under specific conditions
A new ruling has been released by the ATO on the deductibility or otherwise of “penalty interest”. The term penalty interest refers to an amount…
ATO expects many laundry claims will be hung out to dry
This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to — and which you…