Commonly Forgotten Personal Tax Deductions
Most people simply don’t know all of their valid claims and pay more tax than they have to. So, what are the most common tax deductions people miss when they lodge their tax return?
Did you know that the Australian Taxation Office (ATO) have a Tax Avoidance Taskforce?
The Tax Avoidance Taskforce was established to ensure multinational enterprises, large public and private businesses (and associated individuals) pay the right amount of tax in Australia. Established in 2016, the taskforce enhances and extends the ATO’s existing compliance activities.
Common myths about work expense tax deductions in Australia
It’s a creative world out there, and there’s a time and a place to explore your creativity. Paint a picture. Enrol in a pottery class. Take a dance class, but the Australian Taxation Office (ATO) draws the line at creative writing tax claims. What are the most common tax deduction myths?
4 Benefits of Hiring a Bookkeeper for your Small Business in Australia
Regardless if you have a large or small business, are a sole trader, company, trust or partnership, a good bookkeeper is a business asset that will set you up for success. So, why should you hire a bookkeeper?
What is Phoenixing?
With the rise of the Black Economy which has left a tax deficit of an estimated $50 billion in the Australian economy; the phenomenon known as Business Phoenixing has become prevalent. What do you do if you’re the victim of Phoenixing?
Top 5 Reasons Why You Should Take The ITP Income Tax Course
Working as a Tax Consultant is a great way to help people lodge their tax returns come tax time, and there are a number of other reasons for undertaking the ITP tax course. What are they?