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Travel expense claims for small businesses

Travel expense claims for small businesses

19 August 2019 Tax time tips: the ins and outs of business related travel expense claims. If you operate a small business, chances are you’ve incurred travel expenses as part of your day to day business activities. In most cases, these expenses will be tax...
Tax return income and deductions checklist

Tax return income and deductions checklist

17 July 2019 As tax time rolls around again, it’s important to understand what you need to declare as income, and what you can claim as tax deductions. Below is a list of items that you may need to consider, depending on your individual circumstances. Income...
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...
Small business asset scheme extended again

Small business asset scheme extended again

30 January 2019 The small business asset write-off scheme is set to be extended for another 12 months, stretching the deadline to June 2020. The Sydney Morning Herald reported that Prime Minister Scott Morrison announced the extension along with a $5000 increase on...