If you operate a small business (not a non-profit organisation), then the following may be of interest to you. Claiming your business expenses Running a business at or from your home is similar to running any other business. That is, if you operate a home-based business, you can generally claim similar expenses to a business Read More…
Home Based Business
ATO – are you ready for an Audit
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As a taxpayer, you mustn’t forget it is your obligation to ensure that your tax return is correct. You cannot just assume that by using the services of a Registered Tax Agent to prepare & lodge your tax return, that your obligations are reduced. In recent rulings, the ATO has emphasised that taxpayers cannot use the Read More…
ATO news July 2014
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Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…
Tax Tips 2013/14
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Tax Planning Strategies to Reduce your Tax As the tax you pay depends on your taxable income, increasing your tax deductions before the end of June is definitely a way to reduce your tax. With the 2013/14 end of financial year fast approaching, here are some tips you can use to minimise your tax: – Read More…