Security Industry

If you’re an employee in the  security industry it pays to learn what you can claim  To claim a deduction for work-related expenses  you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*   *You can use the myDeductions tool in […]

Self-education Expenses

 It pays to learn what you can claim at tax time   When can you claim?  Self-education expenses are deductible when the course you undertake has a sufficient connection:  to your current employment and maintains or improves the specific skills or knowledge you require in your current employment, or  results in – or is likely to […]

Small business Tax time checklists

 The ATO wants to make it as easy as possible for all small businesses to understand and meet their tax obligations at tax time. Whether you use a registered tax agent or lodge your own tax return, here are some checklists to help you this tax time.  Good record keeping  Make good record keeping a […]

Small business Motor vehicle expenses

This information will help you when claiming a deduction for motor vehicle expenses for your business – whether you use a registered tax agent or lodge your own return. Key points ƒƒ The way to calculate your claim depends on your business structure. ƒƒ If you change your business structure, your entitlements and obligations may […]

Small Business

 Small business Top questions at tax time   Small businesses often ask questions during tax time. Whether you use a registered tax agent or lodge your own tax return, here are the ATO’s answers to some common questions asked each year.   What business income do I need to declare in my tax return?  When thinking about business […]

Investment Property Journey

Tax-smart tips for your investment property journey Being tax-smart when investing in property means more than making the right property choices. If you use your property to earn income at any time, you will have tax obligations and entitlements. Here are some tips to help you get it right at each stage of the journey. […]

Tradie

 If you’re a tradie it pays to learn what you can claim at tax time  You can claim a deduction for expenses incurred as an employee tradie if: you spent the money yourself and were not reimbursed  it was directly related to earning your income  you have a record to prove it.  Tips:  Include all […]

Travel Expenses

 What you need to know before you go   Travel expenses include:  Transport expenses are deductible when you travel in the course of performing your duties. This includes the cost of driving your car, flying, catching a train, taxi or bus.  Accommodation, meals and incidental expenses are deductible when you travel in the course of performing […]

Truck Driver

If you’re a truck driver it pays to learn what you can claim at tax time To claim a deduction for work-related expenses you must have spent the money yourself and weren’t reimbursed it must be directly related to earning your income you must have a record to prove it.* * You can use the […]

Nurse Or Midwife

If you’re a nurse, midwife or carer it pays to learn what you can claim at tax time   To claim a deduction for work-related expenses   you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*   * You can use […]

Miner

If you’re a miner, it pays to learn what you can claim at tax time  To claim a deduction for work-related expenses   you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*   You can only claim the work-related […]

Hospitality Worker

If you’re a hospitality worker, it pays to learn what you can claim at tax time   To claim a deduction for work-related expenses   you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*     You can only claim […]

Hairdresser or Beauty Therapist

 If you’re employed as a hairdresser or beauty therapist it pays to learn what you can claim   To claim a deduction for work-related expenses  you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*  You can only claim the work-related […]

Gifts And Donations

 When can I claim?  You can claim a deduction for a donation you make to an organisation if the donation meets four conditions: You make it to a deductible gift recipient (DGR) It must truly be a donation. A donation is a voluntary transfer of money or property where you receive no material benefit or […]

Employees working from home

 The other kind of Housework  If you’re an employee who regularly works from home, you may be able to claim a deduction for expenses relating to that work.  Running expenses  Employees who work from home can claim the work-related proportion of their running expenses. These expenses are the cost of using equipment and utilities at your […]

Construction worker

If you’re a construction worker it pays to learn what you can claim at tax time   To claim a deduction for work-related expenses  you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*   * You can use the ATO app […]

Clothing and laundry

It pays to learn what you can claim at tax time  You can claim a deduction for the cost of buying and cleaning: occupation-specific clothing, protective clothing and unique, distinctive uniforms.  You can claim a deduction for occupation-specific clothing. This means it is specific to your occupation, is not everyday in nature and allows the […]

If you’re a cleaner, it pays to learn what you can claim at tax time

 If you’re a cleaner, it pays to learn what you can claim at tax time   To claim a deduction for work-related expenses   you must have spent the money yourself and weren’t reimbursed it must be directly related to earning your income  you must have a record to prove it.* *You can use the ATO app […]

Car Expenses

Car expenses What’s under the bonnet?   If you use your own car for work purposes, you can claim a deduction using the cents per kilometre method or logbook method. If you use someone else’s car for work purposes, you can only claim for direct costs you pay for – such as fuel.   You can claim […]

Australian Defence Force

 If you work for the Australian Defence Force it pays to learn what you can claim at tax time  To claim a deduction for work-related expenses  you must have spent the money yourself and weren’t reimbursed  it must be directly related to earning your income  you must have a record to prove it.*  *You can […]

Apprentice Deductions

If you’re an Apprentice it pays to learn how to get your tax right   Tip: Include all your income on your tax return – including cash!   You can claim a deduction for expenses incurred as an apprentice if:  you have spent the money yourself and haven’t been reimbursed  it is directly related to earning your […]

The top 5 forgotten tax deductions

With tax time well underway, it is a good time to discuss deductions – especially deductions that are often missed by taxpayers like you. We surveyed our senior accountants and asked them “what are the top 5 forgotten deductions on individual tax returns?” – That is, deductions people can claim, but often forget or don’t know […]

Cancelling your GST Registration

You must cancel your GST registration within 21 days if your business has: – closed down – been sold – changed structure, for example, changed from a partnership to a company. For more information about cancelling your GST registration click here.

Correcting GST Errors

This guide explains how to correct GST errors you made on an earlier activity statement. In particular, it explains when you can correct GST errors on a later activity statement, in accordance with Goods and Services Tax: Correcting GST Errors Determination 2013 which took effect from 10 May 2013. Read more from the ATO…