Deductions Tag

TaxWise News – Business Edition – November 2018

Please click link for the November Edition of: TaxWise News - Business Edition TaxWise Business News is a quarterly newsletter, which will keep you updated on important tax matters that may affect you or your business. This edition is full of handy information so make sure you have...

Donations: The Gift That Keeps On Giving!

Making a charitable donation is not only a great way to give back to the community, but it can also help to reduce your taxable income. If you’re feeling a little generous, here’s a KMT good news story to encourage you to donate and claim...

Working from Home – Claim Tax Deductions

The Australian Taxation Office takes the view that costs associated with your place of residence are likely to be of a private nature. However, if you're working from home and incur expenses as a result, you may be entitled to claim tax deductions for some...

Spotlight is on Rental Property Owners

If you’re a rental property owner you’ll be well aware to the current debate in the Federal Election surrounding some proposals to change the way negative gearing works into the future… but we’ll cross that bridge when and if it comes to it...

Driven to Deduct – Motor Vehicle Expenses

The most commonly claimed tax deductions are work-related expenses and around seven million people make related claims each tax year – with one of the most popular being motor vehicle expenses! Have you already jumped on the bandwagon? If not, it's never too late to start! “You...