tax deductions
Followtax deductions Archives
Accountant details what you can and cannot claim as vehicle tax deductions
Learn what vehicle expenses you can claim at tax time, including logbook rules, travel types, and common deductions.
Passing the ‘pub’ test: ATO reveals the craziest work-related expenses claims it nixed
The ATO reminds taxpayers not to try to claim personal items as ‘work-related expenses'.
The cashflow-crunching payroll and tax changes that SMEs should prepare for now
Aussie SMEs face rising payroll costs and tax changes in the next two years from super rate hikes, payday super, and tax...
Overseas business travel tax deductions: What you can and can’t claim
Learn what expenses you can and can't deduct, from airfares to accommodation.
Exemptions for late tax payment fees to be scrapped, sparking concerns
Taxpayers who previously enjoyed tax deduction on late tax payment fees may no longer enjoy such privilege if a proposed...
ATO reminds small businesses what they need to address before 30 June
Small businesses can still claim an immediate deduction for the cost of eligible assets first used or installed ready fo...
How to make EOFY less stressful for your small business
Having a good understanding of the kinds of expenses you can claim as tax deductions has the potential to cut your tax b...
ATO makes changes to working-from-home deductions
The cents per work hour has increased from 52 cents to 67 cents, covering energy expenses, phone usage, internet, statio...
ATO to continue offering assistance, relief for affected businesses
As part of the relief efforts, the ATO announced that starting 1 July 2021, taxpayers who paid for a COVID-19 test for w...
Current tax system sowing confusion among small-business leaders
Over half the SME leaders surveyed weren't aware they can use the $150,000 Instant Asset Write-Off allowing them to clai...