Each year approximately 870,000 tax payers claim the maximum amount of kilometres for work related travel using the cents per kilometre method. With the ATO looking…..
Vacant land – no longer a tax deduction…but not just yet!
In July 2019 new legislation was introduced to Parliament to limit the ability to claim a tax deduction for the holding costs on land. The legislation was passed….
Do you have only one asset type in your SMSF?
Last week the ATO sent out over 17,700 letters to taxpayers who operate a Self Managed Superfund (SMSF) which holds 90% or more of its funds in one asset…..
Can I claim that as a tax deduction?
With the new tax season upon us, we understand that our clients are eager to have their tax returns. These included non-allowable items such as….
2019 Tax Return Process
With the new tax season upon us, we understand that our clients are eager to have their tax returns completed and processed….
Rental Properties
ATO Tips & Mistakes to avoid when declaring the income and expenses on your rental property this financial year.
Are you entitled to $1,080 from the ATO?
We’ve all heard a lot in the media recently about the governments ‘cash’ refund for taxpayers who earn up to $126,000 in the 2019 financial year. It’s been so widely publicised it’s caused a flurry…..
Do you have a myGov account?
Many Australians have chosen to setup a myGov account as part of the Governments program to enable access to various services…..
Small Business Concessions
There are 4 small business concessions available to help offset capital gains made by small business but only if 3 basic conditions are satisfied.
ATO Lodgement Due Dates
We are just about at the end of the 2019 Financial Year and as such we thought we would provide some insight into lodgement due dates.
