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Taxation

3 Steps to a Headache-Free Rental Property Tax Return

July 29th, 2019

Deductions, records, mountains of paperwork, and the Australian Taxation Office (ATO) watching investment property owners like a hawk. Wouldn’t it be nice if lodging a tax return for a rental property was easy? Well – it doesn’t have to be. While there are a whole suite of considerations to be made when preparing to lodgeread more

Ride Sharing, Taxis and Fringe Benefits Tax – What are your Obligations?

July 15th, 2019

Employee travel has long caused employers headaches when it comes to Fringe Benefits Tax (FBT) and claiming deductions. For those organisations that require employees to travel fairly regularly for things like meetings, seminars and other events, providing this travel is often a great way to ensure that your team get where they need to goread more

Claiming Car-Related Expenses this Tax Season

June 14th, 2019

With tax time coming up very soon, many of us will be looking towards our tax returns and working out what we can claim for this financial year. A very common area people claim deductions in is car travel and other vehicle-related expenses. While there are many options available for things to claim, the Australianread more

Will the ATO be knocking on your door soon?

March 18th, 2019

Unannounced visitors might be a bit of an inconvenience so some, but for businesses there’s no guest less welcome than the Australian Taxation Office (ATO). While the ATO tends to keep workplace visits to a minimum, and target those that they know are doing the wrong thing, new benchmarking data for small businesses means theyread more

Running a small business – what’s deductible?

February 14th, 2019

When you’re running a small business, you want to make sure you’re making your money work as hard as you do. This often extends to legally minimising your tax where you can, and there are plenty of ways to do so – even from day one. Here are a few you can look for: Start-upread more

Fringe Benefits Tax (FBT) – Is Your Business Compliant?

January 31st, 2019

Attracting and retaining the best employees for your business is important - and many find that providing extra frills beyond traditional remuneration packages can be useful. A potential downside to this is that certain benefits may attract Fringe Benefits Tax (FBT) of 47%. In a time where the Australian Taxation Office (ATO) is putting thingsread more

Working from Home – What can you Deduct?

October 19th, 2018

As the workforce increasingly favours flexibility and good work-life balance, companies throughout Australia (and indeed the world) offer their employees the chance to work from home; while others set up their own business to take greater control over their working lives. With this flexibility in working from home, there are certain things that you canread more

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