The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g.,additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer to the ATO’s Media Release of 7 April […]
Claiming Home Office Running Costs Read More »
A lot of Australians have international dealings in one form or another. The ATO’s analysis shows China, the United Kingdom, Switzerland, Singapore and the United States are popular countries for Australians. The ATO shares the data of foreign tax residents with over 65 foreign tax jurisdictions. This includes information on account holders, balances, interest and
How Your Money Is Being Tracked Read More »
WOULD YOU CLAIM THE LEGO YOU BOUGHT FOR YOUR KIDS THROUGHOUT THE YEAR AS A TAX DEDUCTION? ONE TAXPAYER DID AND IT MADE THE AUSTRALIAN TAXATION OFFICE’S 2018-19 LIST OF MOST UNUSUAL CLAIMS. The Lego was not the only claim for money spent on kids. Another taxpayer claimed their children’s sports equipment and sporting membership
Weirdest Tax Deductions Revealed Read More »
07 3369 5055