2020 ATO Work-Related Hotspots-Individual Tax Return

2020 ATO Work-Related Hotspots-Individual Tax Return

Due to Covid-19, the ATO will be paying attention to certain deductions this year, including: • Travel expenses• Uniform & laundry expenses• Other work-related expenses These deductions are particularly relevant for the last third of the 2020 financial year (March...

Home Office Expenses

Home Office Expenses As an employee working from home, you can claim a deduction for expenses that you incur in relation to this work. This includes running expenses such as: • Electricity & gas (for heating, cooling & lighting) • Phone & internet • Paper,...

Motor Vehicle Expenses

Motor Vehicle Expenses Motor vehicle expenses may be claimed for the use in your business, or use as an employee for work purposes, you cannot make a claim for use that is private in nature. When claiming car expenses as a deduction within your tax there are a couple...

Phone, Internet & Electronic Device Expense Claims

Phone, Internet & Electronic Device Expense Claims If you are required to use your own internet, phone, tablet, laptop, or any other electronic device for work, then you may be entitled to make aclaim for these expenses. You will need to apportion all claims...
Tax Planning

Tax Planning

Tax Planning is an effective way of reducing your current tax liability and can be achieved through reviewing your books prior to year-end. The following suggestions indicate possible ways to reduce your current tax liability: 1. Prepayment of deductible expenses...