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 Work-related Expenses in the Firing Line – On 5 July 2017 Australian Taxation Office (ATO) Commissioner Chris Jordan delivered an address to the National Press Club in Canberra. You can read the transcript of his address here. One of the topics that he discussed was work-related deductions. In an individual income tax return there areRead more

As a small to medium business owner you’d have experienced at some point the overwhelming need to be present or available whenever the business required you. This in turn would leave you with less time for yourself and to give up other things that are important to you, including family and friends. There are peopleRead more

Insurances and Super – What you need to know which could result in a superior retirement nest egg!! Firstly, I do not want to bag industry funds, they serve a purpose and can fit into a clients wealth creation strategy. However, when it comes to insurances within superannuation there is a distinct difference that you may notRead more

Are you studying to improve your current job or field of employment? If so, you may be eligible to claim a variety of self-education expenses that are tax deductible. This blog sets out the conditions in which you may be eligible to claim certain deductions, and what type of self-education deductions are possible to claim.Read more

Have you undertaken studies at an educational institution, attended conferences/seminars or commenced an online learning program this financial year? If so, do you know you may be be able to claim self-education expenses in your 2017 tax return? Self-education expenses may be tax deductible if there is a direct link between your assessable income andRead more

Work Related Travel Expenses – What are your substantiation requirements? You may find yourself in the situation where you have received a travel allowance from your employer and you are spending money while on work related travel for the cost of meals, accommodation and incidentals – so where do you stand with the tax man andRead more

2017 New Years Resolutions Keeping up to date with your tax and accounting obligations It’s the beginning of a new year and we’re motivated enough to do something better. Why not use this time to get all your accounting and tax affairs in order? Here are some tips and tricks on how you can meetRead more

Why Tax Time Isn’t It’s been nearly two weeks since I saw my last “It’s tax time! Save on tax” type advertisement… Thank goodness ! Between Tax Time ads and Election Campaigning ads I was ready to slash my wrists, but let’s not get political. This is mainly about the TAX!! How thoughtful that theseRead more

SUBDIVIDING PROPERTY AVOID UNNECESSARY TAX I was with a friend a while back and we were reminiscing of the good old days kicking a footy in his parent’s back yard.  Occasionally one of us would be a little too overzealous trying to impersonate Gary Abblett Snr and the ball would fly over the back fence.Read more

Are you an employer with less than 20 employees? Have you registered for SuperStream? As at 30 June 2016 it will be compulsory for you to comply with the ATO’s new SuperStream standard for superannuation payments. What is SuperStream? SuperStream will require employers to lodge and pay superannuation electronically. The ATO advises this system, throughRead more