ATO’s view on work-related deductions being claimed 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 the ATO are alarmed about over-claiming and downright fraud. Tax … Continue Reading
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
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
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