Tax Deductible travel! What I need to know.
There are two classes of travel which you will encounter as an employee of a business:
The first is travel between home and work. Unless yo
Expenses you can no longer claim from your rental property
If you own a rental property, the income and expenses relating to that property are recorded in your income tax return. Like with other dedu
What is depreciation for Tax Purposes?
Depreciation is the term used to describe the decline in value of an asset over the asset’s effective life. For example, a new car purchased
How can I claim my Travel between home and work?
One of the odder concepts to come from the common law system in Australia is the distinction made regarding the validity of claiming travel
Bas Myths and legends
While the Business Activity Statement does not carry the romance and drama of an Ancient Greek tragedy, there are still many misconceptions
Should I start my Tax return now or wait for May?
Some taxpayers have an extended deadline to prepare their 2017/18 tax return if a prior year return was lodged through a tax agent, or they
What documents do I need to provide to my accountant?
The ATO expects you to keep certain documents (or more seriously, “written evidence”) of many transactions which you are involved with as a
Myths of the instant asset write-off
Although it has been in existence for several years, you may be unaware of a small business tax concession which could save your business $$
What is the CGT Active Asset Reduction?
The Active Asset Reduction is one of the CGT concessions available to small business entities. If your CGT asset passes the relevant tests,
