Maximum Tax Back Checklist
Is Your Expense Tax Deductible? Save Tax With This Checklist. Admission fees: For lawyers and other professionals. Disallowed as capital cost. No Airport lounge membership: Deductions to the extent used…
Is Your Expense Tax Deductible? Save Tax With This Checklist. Admission fees: For lawyers and other professionals. Disallowed as capital cost. No Airport lounge membership: Deductions to the extent used…
Most small business people would agree that their Profit and Loss account is among the easier – if not the easiest – financial document to understand. It’s typically presented in…
Wondering if you're doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last? The best way…
Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring…
As a small business owner, you're likely concerned about every penny you spend. That's a good thing, because you need to keep track of your income and expenses. It also…
Of course these days pre-filling takes care of a lot of the “paperwork”, and if you wait until late-July or mid-August the ATO’s systems will most likely be able to…
EOFY tips for your tax plan The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to…
The Federal Budget measure allows businesses to fully write-off eligible assets. Just to recap, businesses with aggregated annual turnover of less than $5 billion will be able to deduct the…
Expenses that can be claimed If you work from home, you will be able to claim a deduction for additional running expenses incurred, which may include: electricity expenses associated with…
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income. For rental properties, if…