Tax

You could be eligible for valuable holiday rental tax deductions if you own a property you use as a holiday rental It usually takes a little time to see a profit but with holiday rental sites like AirBnB and others making holiday rental investments even easier, a growing number of property owners have turned their attention […]

Are you claiming all your Rental Property tax deductions? If you own an investment property (or are thinking of purchasing one) there are many related expenses that you may be entitled to claim as rental property tax deductions. However, the expenses you can claim as rental property tax deductions can vary depending on your circumstances. They can also be […]

There are many ATO scammers out there, reputing to be the ATO and using various different means to extract money out of taxpayers. Many of these fraudsters are very clever and will go to great lengths to appear legitimate. What can you do to protect yourself? The ATO have been very active in raising awareness […]

Truck drivers often spend a good deal of time away from home so have expenses that quickly mount up. Luckily many of these expenses can be claimed as tax deductions on your annual tax return. Truck driver tax deductions include expenses for training, meals, accommodation, clothing as well as maintenance and repairs of the vehicle. […]

Tradies work long and hard to meet tight deadlines, which often leaves little time or energy to think about finances and taxes. As a result many tradespeople pay too much tax, miss changes in legislation or suddenly find their cash flow is not as healthy as they thought. Does this sound like you? Stay in control Apart […]

Every year thousands of people miss out on tax deductions that they are eligible to claim. Are you one of them? Quite often these missed tax deductions are simply forgotten but in many cases people just aren’t aware that an expense can be claimed. We asked our accountants what the most commonly missed tax deductions are and […]

What are individual tax deductions? If you’re an employee who is paid a salary or wages by your employer, you are classed as an individual by the ATO. Each year you are required to submit an individual tax return and the expenses you can claim on your return are called individual tax deductions. As an […]

The first thing you need to know about teacher tax deductions is: there are a lot of them! Tax deductions for teachers are numerous, so if you know what you’re entitled to claim you could see a nice increase in your tax refund when you do your next tax return. Let’s be honest though, the […]