by Sydney Taxation Services | Small Business, tax deductions, Tax Planning
“Audit warning sounded as ATO clamps down on dodgy claims” says Jotham Lian of Accountants Daily The Tax Office says it will be scrutinizing every tax return lodged this year as it continues its crackdown on illegitimate claims. ATO assistant commissioner...
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, 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...
by Sydney Taxation Services | Business Advice, Small Business
From the Tax OfficeBe on the look out for scammers this tax timeThis tax time you may receive an SMS or email from us or notice our presence on social media sites such as Facebook, Twitter and YouTube.Our presence in this space is legitimate and can be accessed...
