by Asha Hudson | Oct 3, 2018 | Client Access, Newsletter
June 2018 Tax – Personal Deductions Car Expenses for Deduction If you use your own car, including car lease or hire, in performing your employment duties, you can claim it as car expense. But if it is someone else’s car, you can claim direct cost, such as...
by Asha Hudson | Oct 3, 2018 | Client Access, Newsletter
July 2018 Annual GST reporting Eligible businesses may elect to report GST annually…. Read More >>> Are you? – A business owner? At a glance: – Eligible businesses may elect to report GST annually. You should: – Check your eligibility...
by Asha Hudson | Oct 2, 2018 | Client Access, Newsletter
August 2018 Tax – Personal Deductions Interest Charged by the ATOInterest Charged by the ATO Interest charged by the ATO can be claimed as a deduction… Read More >>> Are you? – A taxpayer? At a glance: – Interest charged by the ATO can...
by Asha Hudson | Oct 2, 2018 | Client Access, Newsletter
Superannuation – Self Managed Funds Are you? – A high-income individual? At a glance: – Taxpayers may need to pay Division 293 tax if their adjusted income (as defined) and low-tax contributions are greater than $250,000. You should: – Check...
by Asha Hudson | Oct 2, 2018 | Client Access, Newsletter
Debt forgiveness and Capital gains tax Are you? – A taxpayer whose commercial debt has been forgiven? At a glance: – Forgiveness of a commercial debt can give rise to a capital gain.’ You should: – Be aware of the capital gains tax...
by Asha Hudson | Oct 2, 2018 | Client Access, Newsletter
Tax changes for 2018 tax returns Are you? – A taxpayer? At a glance: – The Tax Office has released a summary of key changes to be aware of when taxpayers prepare their 2018 income tax returns. You should: – Be aware of the key changes when preparing...
