Tax

Tax Uncategorized May 28, 2020

4 important upcoming business deadlines

Interested in a $10,000 business grant? How about buying a much-needed asset and immediately writing off the cost? Here are four looming deadlines your business may need to start moving on ASAP.

Tax April 30, 2020

Making the most of the instant asset write-off before the EOFY deadline

Two months and counting (down). That’s how long your business has to make use of the $150,000 instant asset write off before the end-of-financial-year June 30 deadline.

Tax January 24, 2019

Do you Airbnb your property? The ATO has you in its sights

Sharing is caring, right? However, when it comes to the sharing economy, the ATO is feeling neglected and wants its fair share. Here’s what you need to know if you rent out your property on Airbnb.

Tax June 29, 2017

Watch out for tax scams

Tax time is approaching and that means a juicy refund may be just around the corner. It’s a busy time for scammers too, and last year alone 48,000 Australians fell prey to tax scams between July and October.  Already this year, the Tax Office has registered over 17,067 scam reports with victims collectively losing $1.5 […]

Tax April 19, 2017

Five tax deductions to know about

You’re probably well aware you can claim a tax deduction for general work-related expenses. But did you know you may be able to claim if: 1. You take a course or study. You may be able to claim a portion of self-education expenses if it’s related to your ability to earn an income. 2. You […]

Tax January 31, 2017

The Top 5 Forgotten Tax Deductions for Health Professionals

With tax deadline coming up, it’s a good time to think about deductions – particularly deductions that are frequently missed when preparing your return. We asked Tax Expert, Luke Casley from Morris Cohen Glen & Co – “What are the top 5 forgotten deductions on individual tax returns?” – That is, all those deductions people […]