If you work from home right now, remember to keep records and receipts for your home office expenses, along with a record of the hours you work from home. Keeping good records now will help to get your deductions right at tax time. The ATO has a PDF poster you can download to help understand what you can claim.
Read why giving to or receiving money from crowdfunding campaigns set up to help people impacted by drought or disaster can have tax implications.
Read the reasons Carrick Aland Assistant Accountant Sarah Tobin took a leap of faith six years ago, relocated Down Under and decided to make the Western Downs her home.
If your business or residential address is in one of the bushfire impacted postcodes, the ATO will automatically grant a two-month deferral for activity statements lodgments and payments due.
Cloud accounting technology is exciting for Renae, from mobile accessibility to intuitive learning and new features being added all the time. Working alongside Cameron Sorley in Toowoomba, cloud accounting is the predominant tool Renae reaches for when processing tax returns and doing BAS.
Changes to the Personal Income Tax Plan are now law. The low and middle income tax offset (LMITO) is not a ‘bonus’ and it is non-refundable.
Everyone wants a great tax refund (or the lowest tax to pay). We’re here to help you claim every last dollar you can, by working for you, not Mr Taxman. Here are 4 key essentials to get you started.
Another financial has finished! As a business or farm owner, there are many obligations you need to consider and action just before and after 30 June.
