2017 Tax Time Crackdown for Many

2017 Tax Time Crackdown for Many

Tax time 2017: Sharing economy, dodgy deductions and property investors face ATO crackdown 11 Dodgy Deductions –  According to the ATO, these are the things you probably can’t claim: Trips between home and work. Generally you can’t claim a deduction for these...
Eligible Tax Deductions and Offsets for You

Eligible Tax Deductions and Offsets for You

Do you know the tax deductions and offsets for which you might be eligible? The following tips may help you to legitimately reduce your tax liability in your 2016-17 return. Claim work-related deductions Typical work-related expenses include employment-related...
Simpler BAS For Small Businesses From 1 July 2017

Simpler BAS For Small Businesses From 1 July 2017

Goods and services tax (GST) reporting on the business activity statement (BAS) is getting easier for small business.  This is due to a change to GST reporting called Simpler BAS. From 1 July 2017 small businesses with an annual GST turnover of less than $10 million...