4 Costly Tax Return Errors You Must Avoid
Will you find yourself in the ATO spotlight this year? Avoid these costly tax return errors and reduce your chances of appearing on the ATO’s audit radar.
End of Financial Year Checklist for Businesses
With the end of the financial year only a few days away, you still have time to take action to legally reduce your small business tax liability for 2017.
Home office expenses: No proof, no deduction!
It’s becoming more and more common for people to spend at least a small portion of their time working from home. For this reason you may be entitled to claim deductions in your tax return for home office running expenses or home office occupancy expenses. But there is a distinct difference between the two claim…
Avoid a Tax Audit: Keep Track of Your Expenses
The ATO has warned that they will be auditing more taxpayers this year. Avoid a tax audit with this very handy tax-time tool.
Are you over-claiming rebate on your private health insurance?
Are you claiming too much rebate on your private health insurance? Here’s how to avoid a tax liability.
Novated leases explained
Novated leases. What are they? How do they work? Find out how salary-packaging a car might be a tax-effective option for you.
Uber Drivers: Don’t be an ATO target
Are you an Uber driver? Beware the tax side effects! Uber drivers must have an ABN and be GST registered.
How to tackle late tax returns
Do you have late, overdue tax returns? Are you feeling stressed and worried over tax matters? Let us help to put your mind at ease. We’re ready to help.
Adjusted Taxable Income: What it is and why you might need to know
If you recently have or ever plan to apply for certain tax offsets, concessions or government benefits, the basis for eligibility can be determined based on your “adjusted taxable income” (ATI).
Building a new home? Is it exempt from CGT?
When building a new home, is it CGT exempt? There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling. Read on to learn more about this.