If you claim a personal computer as a tax deduction it can add a good few dollars to your tax refund. However, you must genuinely use your computer for work, for all or part of the time. A good many people work after hours at home or spend a portion of their week working remotely. […]
Tax Guides for Your Job
Tax Guides for Your Job: Australian Defence Forces | Home Office | Occupation Tax Guides | Small Business
Tax Deductions for Retail Staff: What can you claim? (With Case Studies)
Putting the spotlight on tax deductions for retail staff Retail employees like sales assistants, store managers, suppliers and buyers often ask us what tax deductions for retail they should claim on their annual tax return. If you work in a retail shop, there are a lot of tax deductions you might be able to claim. Many […]
Zone Tax Offset: Do you live in a remote area?
What is a zone tax offset? The zone tax offset is a tax concession offset offered by the Australian Tax Office for people who live in remote areas of Australia. This offset is to assist with the higher cost of living, amenities and other environmental factors associated with remote living. The zone tax offset provides […]
Overseas Forces Tax Offset: Are you claiming yours?
A question we often hear from people who have worked or are working overseas in the Australian Defence Force is: Am I eligible to receive an overseas forces tax offset when lodging my individual tax return? The answer is YES as long as you meet certain criteria. How can I claim the overseas […]
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 Deductions for Aged Care Professionals
Do you work in the aged care industry? Do you want to know what aged care tax deductions you can claim? From time to time you probably pay for work-related purchases “out of pocket”. Anytime you pay for work-related item, you need to keep careful track so you can re-claim some of that money as […]
Tax Deductions for Freelancers
Going it alone? Make sure you don’t miss out on any tax deductions for freelancers So you’ve made the break from your grumpy boss and skipped out of the office with your pot plant under your arm and your favourite stapler in your pocket. The first thing we’ll say is “Congratualtions!” It takes guts to […]
Uber tax issues: A tax guide for Uber drivers
Uber has taken Australia by storm as a new way of earning additional income. But there may be serious Uber tax problems ahead unless you do it right. Uber is a unique, flexible opportunity to earn a side income for almost anyone with a good car. But there are important things to consider regarding how […]
An Uber Driver’s Tax Case Study: 8 steps to do Uber the right way
A bit of preparation and a few smart tips helped this Uber driver get off to a great start, with no worries about the ATO. Judah is a professional person working a professional job. He’s university-educated and works all week in a demanding job where he’s building a career. Judah is also an Uber driver […]
Airbnb Tax Information: Tax tips for Airbnb hosts
Airbnb is one of the most popular ways of making an income on the side. But what Airbnb tax implications should you look out for? Airbnb offers a great opportunity to rent out that spare room without the long term commitment. Or, it’s a handy way to lease a holiday home that would be quiet […]
Is access to money biggest factor for new business startups?
Online chatter about business startups and entrepreneurship usually raises psychology, upbringing and personality traits such as tenacity and risk taking as predictors for an individual’s potential entrepreneurship. Authors and much-quoted business people like Richard Branson preach that business success hinges on passion, following a dream and trying to make a difference.According to the HBR article How Singapore […]
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 […]
Overseas Forces Tax Exemptions – Do They Apply To Me?
Are you a member of the Australian Defence Force who served overseas during the past tax year? If your deployment meets certain criteria then you may qualify for a tax emption on the income you earned while deployed. In this post we’ll discuss the two overseas forces tax exemptions available to overseas forces and how to […]
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 […]
