Tax Return Tag

5 things to know for your 2020 tax return

This year has been difficult for many due to COVID-19; and there are some significant changes this tax time as a result. So here is a list of 5 important things you need to know for your 2020 tax return to prepare and consider before...

Work from home tax deductions during COVID-19

Due to COVID-19, your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a tax deduction. Tracking these expenses can be challenging, so from 1 March to 30 June 2020, the ATO has introduced a temporary...

Claiming Home Office Expenses for Businesses

There is a lot of hearsay, rumour and innuendo about claiming home office running expenses for your business, but the rules are really, very straightforward and easy to apply. Most people operating a business and working from home can use their additional utility costs (gas, electricity,...

TaxWise Individual News – September 2016

Please click the attached link for the September Edition of: "TaxWise Individual News – September 2016"   TaxWise Individual News is a quarterly bulletin, 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...

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...