Calculate Your Car Expenses

Cents per kilometre method Your claim is based on a set rate for each business kilometre. You can claim a maximum of 5,000 business kilometres. You don’t need written evidence but you need to be able to show how you worked out your business kilometres (for example, by producing diary records of work-related trips). Where […]

Withholding at Business Transaction

In Electronic Income tax return 2018, the clients need to declare their income from 1st July 2017 to 30th June 2018.  As of this, you can lodge your 2018 tax with us where you don’t have to worry about downloading this software or putting your precious time sorting out your tax return, or getting to […]

Building and Construction Industry – Employee/Contractor Decision Tool

To determine whether a worker is a contractor or employee, construction or building company can use this. Employee/contractor decision tool For super or tax purpose your worker is contractor or employee you should use employee/contractor tools. Worker work in your business or they are part of your business. Contractors run their own business and provide […]

Winding Up a Deceased Estate

In administering and winding up a deceased estate, a legal personal representative may need to dispose of some or all the assets of the estate. Assets disposed of in this way are subject to the normal rules and any capital gain the legal personal representative makes on the disposal is subject to CGT. Similarly, it […]

Rights or Options to Acquire Shares or Units

Acquiring rights or options A company or trust you own shares or units may issue you rights or options to acquire additional shares or units at a specified price. The market value of these rights at the time the company or trust issues them to you is non-assessable, non-exempt income, if all of the following […]

Gifts and Donations

You can only claim a tax deduction for gifts or donations to organisations that have the status of deductible gift recipients (DGRs). Deductions for gifts are claimed by the person that makes the gift (the donor). For you to claim a tax deduction for a gift, it must meet four conditions: The gift must be […]

Deduction that Can Claim

As we all know from 1st of July, we can logged our tax returns and we also can claim some work related expenses which are listed below Vehicle and travel expenses Clothing, Laundry and dry cleaning expenses Gifts and Donations Gifts and Donations Interest, dividend and other investment income deductions Self-education expenses Tools, equipment and […]

Interest and Indexation

There is no interest charged on HELP debts. Your accumulated HELP debt is subject to indexation, which is applied on 1 June each year to maintain its real value by adjusting it in line with changes in the cost of living (as measured by the Consumer Price Index (CPI) figure released in March). Debts are […]

Overseas Debt - Tax Refund On Spot

From 1st of January 2017, all people with a HELP or TSL debt that exist in Australia with the intention to work overseas for a more than 6 month in a 12 months period will be required to notify the ATO using their myGov account. People with a HELP or TSL debt who are already […]

Fee Help - Tax Refund On Spot

From 1 January 2016, New Zealand Special Category Visa (SCV) holders may be eligible to access HELP loans provided they came to Australia as a dependent child and meet the relevant residency criteria. HELP is a loan scheme that assists eligible fee-paying student’s pay all or part of their tuition fees. It cannot be used […]

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