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.
Just like night follows day, nothing is going stop tax time. To make sure you don’t pay too much tax, it’s beneficial to prepare your tax deductions ahead of time. If you get organised you might even look forward to EOFY and rub your hands in glee at the extra cash headed your way. How, you ask? Our short report will fill you in on the details.
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.