Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
The end of the year is in sight. It’s a time for festive cheer and for many people to take a well-earned break. Although you can’t claim your private holiday as a tax deduction, if you combine both work and private time, you may very well have expenses that can be claimed.
Are you making a list and checking it twice. Are you gonna find out if your budget is nice! Christmas can be a time of financial stress, but if you’re prepared you can adjust your spending and enjoy all the season has to offer.
Receiving an inheritance? You will have some tax obligations and extra details you’ll need to include on your tax return. It’s important to understand what these obligations are and what you’ll need to do. Read on for all the inheritance tax details.
Not all perks attract fringe benefits tax, but some do. These benefits will need to be reported when you lodge your tax return. Read on to discover precisely how fringe benefits are reported and what your obligations are as an employee.
If you’ve failed to lodge a tax return, you probably have your reasons. Maybe you were working or traveling overseas. Maybe you were having health issues. Or maybe you were just too busy. The problem is, the ATO always keeps track. You could face fines, penalties, interest charges, prosecution or even jail time. Read on for all the details plus the steps to take if you’ve failed to file a tax return.
Are you an investment property owner looking to maximise your tax deductions and boost your after-tax returns? You could be leaving thousands on the table if you don’t claim everything you’re entitled to.