by Sydney Taxation Services | Accounting, Small Business, tax deductions, Tax Planning
If you work from home you can claim deductions for all sorts of expenses! You do need to keep records and receipts – of course. What you can claim depends on whether you are an employee taking up remote jobs and working at home or if you are running your...
by Sydney Taxation Services | Accounting, Business Planning, motor vehicle expenses, Small Business, Tax Planning
Do it now to get the best return. Maximize tax deductions – keep a diary! There are several personal or business tax deductions that require you to substantiate your deductions. Leaving this until May/June will not give you the best outcome. Motor Vehicle There...
by Sydney Taxation Services | Accounting, Business Advice, Business Planning, Small Business, Tax Planning
Undeclared cash income in ATO sightsAdrian FloresSeptember 20, 2018The Tax Office has put cash income unreported by taxpayers on its agenda in a continuation of its compliance crackdown on work-related expenses.The ATO said it is on a mission to recover an annual tax...
by Sydney Taxation Services | Accounting, Business Advice, superannuation
Reduced concessional cap What is the new concessional contributions cap and when does it take effect? From 1 July 2017, the new annual concessional contributions cap is $25,000 for all individuals regardless of age. This is the total super contribution you can make in...
by Sydney Taxation Services | Accounting, Bookkeeping, Business Advice, motor vehicle expenses, Small Business
When you can claim and can’t claim for car expenses When you can claim You can claim a deduction for work-related car expenses if you use your own car in the course of performing your job as an employee, for example, to: carry bulky tools or equipment (such as...
