Common Tax Deduction Myth FAQ’s
Not all expenses are tax deductible, and some tax deductions are complete fables. Here are some common tax questions that we see every day.
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How Many $$$ Does Your DIY Tax Return Really Cost?
If you provide rental accommodation, run a side-hustle or take advantage of the gig-economy there are a lot of considerations when it comes to tax. The take-away is that if you’re not claiming all tax deductions, you’re paying too much. So, how do you improve your tax return?
Small Business EOFY Tax Tips 2022
The end of financial year 2022 is upon us. It’s a good idea to keep on top of these key dates to keep your business running smoothly through the added pressure of tax time. What records do you need and why do you need them?
Everything You Need to Know About Tax Time 2026
Do you need to lodge a tax return this year? You might be surprised that most people do need to lodge a tax return. Even if you’ve worked and not paid tax, you’ll need to let the ATO know. Some government pensions and payments as well as some Covid-19 payments will be counted towards your taxable income and must be declared when you lodge your tax return. Your tax agent will let you know what income is and isn’t taxable in your appointment.
What Are The Income Tax Offsets And Rebates, And How Do I Get Them?
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?
How To Prepare For Tax Time 2022
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.