Month: July 2020

Tax return tips – Deductions

Deductions When completing your tax return, you’re entitled to claim deductions for some expenses, most of which should be directly related to earning your income (called “work-related expenses”). Naturally, a deduction reduces your taxable income and means you pay less tax. To claim a deduction for work-related expenses: you must have spent the money yourself […]

Tax return tips- Income

Income that must be declared The taxability of some forms of income may seem obvious, but in keeping with our objective of being thorough, here is a list of common types of income that must be declared on your tax return. (This remains the case even if the amount of income has been affected by […]

Tax return tips – General

Tax return tips Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax returns remains pretty much the same. So, before we sit down with you to go over your tax return, certain information will be needed. Of course these days pre-filling takes care of a lot of the […]