by Marketing | Jun 1, 2021 | Tax Deductions Checklist, Tax Saving Strategy, Travel expenses, Uncategorized
If you are a police officer, here is a checklist of the tax deductions you may be able to claim on your personal tax return. TAX WARNING – The ATO considers the following expenses are NOT deductible: Conventional clothing – “Plain Clothes”...
by Marketing | Jun 1, 2021 | Income Tax - Individuals, Motor vehicle expenses, Tax Deductions Checklist, Tradies, Uncategorized
A deduction is allowable if the travel relates to the transportation of bulky equipment rather than to private travel between home and work and is supported by case law. To establish that the deduction is allowable, the employee’s circumstances must meet two...
by Marketing | Oct 22, 2020 | Tax Deductions Checklist, Tradies, Uncategorized
Key rates: Small business depreciation — Summary of instant asset write-off thresholds Purchase date or date asset first used (or installed ready for use) for a taxable purpose Threshold From 1 January 2021 $1,000 12 March 2020 to 31 December 2020 $150,000 2 April...
by Marketing | Mar 13, 2018 | Income Tax - Individuals, Negative Gearing, Tax Deductions Checklist
Clients sometimes ask if they can claim a tax deduction for the cost of online training courses, attending seminars and workshops etc in relation to learning about investment, for example share market or options trading, making money and property investment....
by Marketing | Mar 11, 2018 | Tax Deductions Checklist
If you work as a waiter, bartender, barista, kitchen hand, housekeeper, domestic, or other hospitality employment, here is a checklist of some of the tax deductions you may be able to claim on your personal tax return. Tax Warning – The ATO considers the...
by Marketing | Mar 11, 2018 | Tax Deductions Checklist
Many workers have to pay for things for work. To claim an expense, you must have spent the money and not been reimbursed by your employer. Deductible expenses can include things like: car expenses, including fuel costs and maintenance travel costs clothing expenses...
