Working from Home? A Comprehensive Guide to Claiming Home Office Expenses
If you work from your home office, what expenses can you claim as tax deductions to maximise your tax refund? Read on for a complete guide to home office expenses.
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Maximise Your Tax Savings: A Comprehensive Guide to Tax Deductions
Your friendly local accounting experts have condensed the complexities of tax deductions into a simple report, with no confusing jargon. In a few minutes, you’ll be able to explain tax deductions to your friends like a pro!
Top Sole Trader Tax Deductions Plus a Few You May Be Overlooking
Many tax deductions escape even the savviest sole traders. Read on to learn precisely what you can claim and ensure you’re not missing out.
A Complete Beginner’s Guide To The Tax-Free Threshold in Australia
Whether you earn income in Australia from wages, salaries, profits from business, bank interest, side hustles, or returns from investments, the Australian government requires you to lodge a tax return. However, there is a tax-free threshold below which your earnings don’t incur income tax. In this guide, ITP covers everything you need to know about the tax-free threshold in Australia.
Are You Entitled To A Foreign Income Tax Offset?
Working in a foreign country or for an international company can lead to double taxation for Australians. However, the Australian Tax Office offers a Foreign Income Tax Offset (FITO) to eligible individuals, allowing them to avoid being taxed twice on the same income. It’s important to keep written documentation and convert foreign income, deductions, and taxes into Australian dollars when claiming FITO.