Below is a list of recommended documents and information that you need to bring in relation to your rental property. Questions I will ask: How many weeks was the property rented for this financial year? Was it available for rent the entire year? Was there any private use of the property? Was the loan/mortgage re-financed […]
Month: June 2019
You must read this prior to your appointment
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 used in additional audits and compliance work. What this means for you – I need […]
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 yourself and weren’t reimbursed, it must be directly related to earning your income, and importantly […]