Tips to Prepare For Your Tax Return

Calculator to prepare tax return

Before meeting with you to prepare your tax return, you may need to gather certain information that applies to your circumstances for the year. There’s no denying that the ATO’s pre-filling service takes care of a lot of the traditional paperwork, however most of this information is not available until late-July. If you’re happy to … Continue Reading

ATO’s clampdown on work-related expenses

Crackdown on "other" work related expenses

ATO’s view on Work-Related Expenses and deductions being claimed Work-Related Expenses and what to do about them There have been numerous media reports of late about the ATO’s view on work-related deductions being claimed by individual taxpayers. This is on the back of work-related expense claims in 2017 reaching a record $21.2 billion. Reports suggest … Continue Reading

What you need to know about a self-managed super fund?

What is a Self-Managed Super Fund

Thinking about managing your own super? Read this first. Everyone has a superfund, but not everyone has their own superfund. Setting up a self-managed super fund (SMSF) gives you control over how your super is working for you. While you still can’t access the money before you retire, once you reach retirement, the benefits are … Continue Reading

What expenses can you claim on your investment property?

Investment Property Expenses

Wondering how your investment can help with tax? Here’s an overview. Buying an investment property not only gives you rental income, it presents a great opportunity for tax deductions. Here is a general overview of what you can and can’t claim, but remember, it is general and you should always get professional advice regarding your … Continue Reading

What business structure should you use?

Business Structure

Learn about the four main types of business structure in Australia For every business you own, there is a structure that comes with it. Deciding on a business structure isn’t a quick decision, as each one has its own advantages and disadvantages. To help you figure it out, we’ve outlined four of the main business … Continue Reading