Working as a sports person has taken Jo Brigden-Jones around the world with her exciting sports career. When she began, her costs were private, but when her career turned into a professional vocation, the money she earned began her income and attracted income tax. Here, she shares some hot tips to maximise tax deductions for those who work in the sports industry.
With more than 70% of rental property tax deductions lodged incorrectly, the ATO is set to crack down on property owners declarations. Understanding what to do and how to report properly will save you time and money. In our short report, we share the top mistakes rental property owners often make.
Tax deductions, tax rebates, tax concessions. It’s a complicated mix that can dramatically decrease the amount of tax you’re obligated to pay, but do you understand how they work and how you get them?
Did you know you’ll need to register for and collect GST even if your business earns less than $75,000 as an Uber driver? Making money as an Uber driver has increased in popularity in Australia, but you’ll need to be prepared when it comes to regulations and tax. Read more here to find out what you need to know.
Do you fly-in-fly-out for your job? You might be surprised at what you can and can’t claim as a tax deduction. It’s not as straight forward as you think. Our short report outlines tax deductions for FIFO workers.
Planning for your income tax is a massive undertaking. You don’t want to miss an expense because you want to claim every tax deduction you can to lower your overall tax obligation. That’s completely understandable. The difference could be hundreds, if not thousands of dollars back in your pocket. However, year after year many Australian’s struggle at tax time. The best laid plans often go awry, so if you’re struggling our short report offers some suggestions that may help.