The Actual Cost Method is one of two methods available to taxpayers to claim their work from home expenses. As opposed to the fixed cost method where you claim 67c per hour worked from home, the actual cost method involves claiming the actual cost you incurred for items like phone, internet and electricity while working […]
Home Office
Tax Guides for Your Job: Australian Defence Forces | Home Office | Your Occupation | Small Business
Working From Home Tax Deductions
If you’re an employee who works from home, you’re probably using things like your phone, internet, and electricity. These are considered working from home tax deductions that you could potentially claim on your tax return. However, it’s important to note that how you work from home impacts on whether you can home office expenses. For […]
How to survive the lock-down. Your guide to turning it into a positive
With all the social distancing and lock-down measures in place, how do you keep your mind occupied and engaged? For some people, being at home is bliss. For others, it’s hard to stay focused on anything. But time at home can be a valuable chance to reflect, connect and plan for the future. There are […]
Did COVID-19 turn you into work at home parents and teachers?
Temporary work at home parents-come-teachers. A few tips for navigating this new landscape. As 2020 dawned, no one in their wildest dreams expected the unprecedented global shift that COVID-19 has brought about. With many of us still trying to grapple with having our lives literally locked down, a significant number of us took our jobs […]
How to stay productive and happy under flexible work arrangements
COVID-19 has forced workplaces to adopt flexible work arrangements for staff. The problem is, employees might struggle to remain productive and happy once they’ve made the transition from the familiar structure of the office. Self-discipline is crucial when working at home. If you find it hard to stay on track, you’re going to have to […]
The Top 5 Forgotten Tax Deductions
Now is a great time to discuss tax deductions – especially those deductions often missed by taxpayers like you. We surveyed our senior accountants and asked them: What are the top 5 forgotten deductions on individual tax returns? – that is, deductions people can claim, but often forget or don’t know about. We’ve compiled the […]
Work at home parent – the ultimate balancing act
How do you build your business when you’re a work at home parent and your adorable darlings are doing their utmost to distract you with death defying leaps, or throwing tantrums that could literally wake the dead? The ultimate guide to finding a work/life balance for work at home parents OK, so you were never […]
Claiming laptop on tax – what you need to know…
Many of us work after hours at home or spend a portion of our week working from home. Quite often you might use our own equipment for this, especially if you don’t have a work laptop or removing it from the office poses a security risk. If this is this case for you, it’s likely you […]
Simple Ways to Improve Your Tax Refund
Here’s the most common question people ask us in July every year about how to improve your tax refund; “What can I do to get a bigger refund or pay less tax?” Australians are always looking for ways to improve their refund. That’s why we’ve decided to answer this common question with four easy ways […]
Tax Tips and Tax Deductions for Freelancers
Are you giving freelance work a go? Your freelancer tax deductions and tax tips are right here! Whether your video skills are in high demand, your Airtasker gigs have amped up or you are totally nailing it in the cupcake game, this freelancer tax deductions blog will be a massive help to you at tax […]
Manage your receipts and boost your tax refund!
When it comes to tax time, do you ever find yourself searching all over the place for deduction receipts from months earlier? You are not alone! A recent study conducted by the Commonwealth Bank found that lost receipts are costing one in two Australians an average $1000 in tax rebates every year. Can you afford […]
