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Have you heard of “tax gap”? The ATO is aiming to recoup over $8 billion in dodgy tax claims this year. The ATO received over $1 billion in additional funding so you can rest assured all of that will be…
Records for claiming work-related expenses
When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully claim a deduction for work-related expenses, it’s important that you must have spent the money…
The budget’s boost to instant asset write-off is now law
The budget’s boost to instant asset write-off is now law Federal Budget night announced an increase in the instant asset threshold, and also an extension of which businesses could access the measure. Now the Treasury Laws Amendment (Increasing and Extending…