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 […]
Tax
6 frequently forgotten tax deductions
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 […]
Individual Tax Deductions – Do you claim everything you’re entitled to?
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 […]
Teacher tax deductions
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 […]
Claim Charity Donations: Will Your Good Will Earn You a Tax Deduction?
Did you know that you might be able to claim charity donations as a tax deduction on your tax return. If the charity you have donated to is registered as a Deductible Gift Recipient you can usually claim charity donations on your tax return. Read on to see what you can and can’t claim: What is […]
Tax Deductions for Nurses and Health Professionals
Do you know what the most common tax deductions for nurses and other health professional are? Nurses and health professionals do an important job that keeps the rest of us fit and well, but if you’re in the medical profession and you’re not looking after your finances as well as you look after your patients, you […]
Fringe Benefits Tax for Small Businesses
What are Fringe Benefits? A fringe benefits is an employee perk. Generally, these benefits can be a good draw card for attracting new staff, outside of the salary package you offer. They add value to a role and make employees feel valued and appreciated. As such, fringe benefits are a good tool for helping with […]