Log Book Method for claiming work related car running and maintenance expenses: If you use your car for work related travel and such a travel exceeds 5000Kms a year, then the article below shall be of benefit to you. Each financial year we see many clients who do not maintain a log book and lose…
Tax & The Sharing Economy The boom of online resources in the last few years has opened up a world of opportunity for cheaper travel, ride sharing and outsourcing.Termed ‘The Sharing Economy’, apps like Uber, AirBNB and Airtasker, have revolutionised the gig economy and supported a growing subset of freelance workers and landlords looking to…
GST free goods and services What is Goods and Service Tax? Goods and Service Tax is an indirect broad based consumption tax which was introduced by the Australian Taxation Office and stands for Goods and Service Tax, it is a tax of 10% on most goods and services sold or purchased in Australia. Who needs…
Make your Tax Return Count It may surprise you to learn that eight out of ten Australian’s tax return would have tax refund and usually that refund is quite healthy (in excess of $2000 on average). While it makes good sense to engage with a Melbourne accountant to make sure that you get every cent…
ARE YOU AWARE ABOUT THE TAX DEDUCTIONS YOU MAY BE ABLE TO CLAIM? Everybody knows that to reduce their tax bill, they need to claim as many genuine and justifiable tax deductions as possible in their tax return. The trick is in knowing what deductions you can legitimately claim.Most people know that there are some…
