Category Archive for "Record Keeping"

Keeping Receipts

We all know that receipts and invoices are evidence of your deductions/claims, and we also know that we should keep these receipts…

Home Office Expenses

One of the more frequent questions I am asked is ‘what can I claim for my home office?’. Unfortunately, I can only…

e-tax – beware of Crooks and Fraudsters

Be very, very, very careful out there.  I am hearing that some people are choosing to lodge their own returns on e-tax. …

Claiming Superannuation Deductions

Claiming Your Superannuation Contributions as Tax Deductions If you plan to claim a tax deduction for the superannuation contributions you made as…

Tax Deductions – Minor (?) Amounts

Another largely forgotten group of deductions are donations. Many of us give $2 here or $5 there to a door knocker or…

DIY Tax Returns?

The ATO are proud to offer online Tax Software, allowing taxpayers to prepare and lodge their own tax returns, but BEWARE! This…

Instant asset write-off and simplified depreciation

From the 2012–13 income year small businesses have been able to write-off depreciating assets costing less than $6,500 in the income year…

Federal Budget Coming Soon!

I can’t tell you what is in store for us in May, but there is no harm letting you know that you…

Capital Gains Tax on Sales of Assets

Did you know that if you own a rental property or shares that you only need to pay Capital Gains Tax on…

Paper v Electronic Tax (and other) Records

If you’re tired of keeping your paper receipts to collate and give to your tax agent every year, consider these points: The…

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