Tax
CategoryThe Last Thing On Our Minds After The Death Of A Loved One Is Tax – But The Final Return Is Important
At the worst time of your life, the last thing you want to think about is tax.
However, when a loved one dies, their affairs must be dealt..
Watch Out For Incorrect Claims! Property-Related Deductions Are On The Watchlist
Ensure you are doing the right thing with your property-related claims this tax return season.
The tax office is paying close attention to..
Earning Income Via The Sharing Economy? Don’t Make A Critical Tax Mistake…
In Australia, any income earned by a job may be considered taxable income. Those who receive their income via the sharing economy are no e..
Make Sure You Have Everything Before Lodging!
While lodgement of your tax return can begin from 1 July, you have a much higher chance of submitting a return with incorrect or missing i..
Are You A Home-Based Business? Here’s How To Maximise Your Tax Deductions.
Small business owners may be able to claim deductions for the costs of using their home as a principal place of business when filing their..
Cars, Phones, Laundry: What Can Tradies Claim In 2023?
Are you involved in a trade, or do you know someone who is involved in one?
It’s vital that these individuals understand what they can cla..
Tax Planning Tax Tips For Business Owners
As the financial year comes to a close, now is the time to visit your accountant or tax advisor to discuss tax planning for your business ..
What You Can & Can’t Claim For 2022-23’s Return
The 2022-2023 tax return may look different to your previous returns, but there’s a reason – and it’s probably due to an expiry date. Here..
The 6 Investment Income Types That Need To Be Declared On Your Income Tax Return
If you’ve made a major investment in the last financial year, any income made from it will need to be included on your tax return.
Any inc..
Is Your Business’s Income Prepaid?
If your business receives income before a service is rendered to a client, when is the income recognised? Is it when the income is receive..