Tag: tax consulting

Important Information About Tax Cuts And Super Changes Introduced on 1st July 2021

Tax relief for workers and businesses, higher superannuation payments and housing assistance for first home buyers are just some of the changes set to occur at the start of the new financial year on Thursday 1st July, as a number of measures from the 2021 federal budget come into effect. Arguably the most significant change […]

Reasons Why 1st July Is Too Early to File Your Tax Return

Millions of Australians are feeling enthusiastic about receiving their annual tax refund, but filling your tax return on 1st July has the potential to land you in some serious trouble with the tax office. The lure of a $1080 tax cut, available to millions of Aussies this financial year, might entice you to do your […]

The Popularity of Cryptocurrency In Australia Continues To Rise

A recently published survey revealed that risk is the biggest reason why Australians still lack confidence in cryptocurrency. 43 percent of Australians who responded to the survey said that the volatility of cryptocurrency was their biggest deterrent to buying it. This is a 14 percent increase on the same answer from a survey published in […]

The ATO Is Cracking Down On “Copy-Paste” Expense Claims

The Australian Tax Office (ATO) has given a warning to taxpayers who choose to “copy-paste” work related expense claims, like those accumulated when travelling between work sites, or laundering uniforms, while they have been working from home.  Although the majority of Australians are doing the right thing, the ATO has reassured tax payers that the […]

ATO Offers Help To Australians Impacted By Covid-19 and Natural Disasters

The Australian Tax Office (ATO) acknowledges that workers across Australia continue to face huge challenges in regards to the covid-19 pandemic and various natural disasters which have occurred over the past 12 months. Here is some advice to help Australian taxpayers prepare for the upcoming End of Financial Year. JobKeeper JobKeeper payments are not tax […]

Common Tax Deductions Available for Sale Professionals

There are a number of common tax deductions available for sale professionals. It is important that you are aware of what you are eligible to claim so that you can get the most out of your tax return.   Whether you are a real-estate agent, car sales person or sales rep, working in sales can […]

Tax Advice For Uber Drivers In Australia

Uber has become a popular way for Australians to earn additional income. However, drivers can find themselves potentially getting into serious tax related problems unless they do it right. The concept of being an Uber driver is unique and gives drivers a flexible opportunity to earn additional income for anyone who owns a good quality […]

Tax Deductions For Truck Drivers

Spending long periods of time away from your home can be expensive for many truck drivers. Thankfully there are plenty of expenses that can be claimed as a truck driver tax deduction on your annual tax return. As you are likely to expect, maintenance and repairs of your vehicle as well as running costs can be […]

Tips for Avoiding Confusion Over JobKeeper Payments at Tax Time This Year

Australian businesses and their workers who benefited from the federal governments JobKeeper wage subsidy will now have to navigate what it all means at tax time. On top of this, many individuals who withdrew their superannuation during the covid-19 pandemic to support themselves financially might also be unsure of their requirements at tax time too. […]