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When to claim home office tax deductions

When to claim home office tax deductions

17 July 2019 If you perform some of your work from home, you may be eligible to claim home office tax deductions, even if the room is not set aside solely for work-related purposes. Home office tax deductions may be claimed for expenses that fall into the following...
Rental property tax deductions

Rental property tax deductions

16 July 2019 If you’re one of the many Australians who own an investment property, now is the time to take stock of your incurred expenses and work out what you can claim as a rental property tax deduction, and what you need to declare as income. Income First...
Low and Middle Income Tax Offset

Low and Middle Income Tax Offset

15 July 2019 The Federal Government’s Personal Income Tax Plan has now become law, delivering tax relief for millions of Australians. The plan has three phases Phase one is the Low and Middle Income Tax Offset (LMITO) Increase the LMITO from a maximum amount of...
The ATO has eyes on work-related laundry expenses

The ATO has eyes on work-related laundry expenses

9 July 2019 The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly...
Single Touch Payroll now mandatory

Single Touch Payroll now mandatory

8 July 2019 On July 1, Single Touch Payroll (STP) became mandatory for all employers. What do you need to know? STP requires you to have your payroll transaction data transferred to the ATO each time your employees are paid. This may require you to use a software...