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Tax Deductions

ATO Collecting Your Financial Information to catch Tax Cheats in 2013

Did you know that the ATO can access information from YOUR employer, bank, super fund, credit card, insurance funds, government departments and more? They have powerful ways to check that the information you’ve declared on your tax return is correct and catch out those tax cheats who incorrectly claim more than they’re entitled to. In […]

27 Valuable Rental Property Tax Deductions: Don’t Forget to Claim These Expenses

rental property expenses

Do you own rental property? By deducting rental property expenses on your tax return you can access an incredible range of possible tax deductions that can boost your tax refund and leave more rental income in your pocket. It’s important to stay on top of your rental property tax deductions and claim them correctly to […]

Work Uniform Expenses: The tax deductions you can and can’t claim

work uniform expenses are a great tax deduction

You can save big just by claiming your work uniform expenses on your tax return! There are many types of jobs that require you to wear a uniform and/or protective clothing. Unfortunately many organisations don’t provide these, or at best offer them at a discounted price to their employees. But for you the costs of […]

Average tax refund more than $2,300

As we’re now more than half way through the 2012 tax season, we’ve decided to take a look at the ATO-issued average tax refund for 2012. How does your refund compare? This year the ATO has received 5,453,000 tax returns so far this tax year. So far they’ve processed 4,794,000 returns with 4,224,000 tax payers […]

Government Will Match Your AusAID Donations

Kevin Rudd announced a dollar-for-dollar ‘donation matching’ program with the Government set to join Australians fighting the famine disaster in Eastern Africa With the UN estimating 750,000 people could die in the Horn of Africa in the next four months, the Federal Government is joining forces with caring Australians in a bid to save lives. […]

Tax free entitlements for Australian Defence Forces in Afghanistan

If you’re a member of the Australian Defence Force who served (or will serve) in Afghanistan as part of Operation Slipper, you might not have to pay tax on the salary or allowances you earn during that deployment. The following table from the ATO shows which ADF deployments in Afghanistan are eligible to receive salary […]

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