tax deductions Archives - Page 4 of 4

Claiming car expenses

July 3, 2019/in Bookkeeping /by Salisbury Accountants & Business Advisors

Common car expense claim questions answered

As a taxpayer, if you use your own car for work purposes, you can claim a tax deduction using one of two methods — the cents per kilometre method or the logbook method.

If you use someone else’s car for work purposes, you can only claim for direct costs […]

False laundry claims

July 1, 2019/in Accounting /by Salisbury Accountants & Business Advisors

ATO targeting false laundry claims

The ATO will take strong action against false clothing and laundry work-related expense claims this tax time.

The ATO noted that six million taxpayers claimed clothing and work-related laundry expenses in 2018. Although many Australians can claim clothing and laundry expenses, Assistant Commissioner Karen Foat said that it is unlikely […]

No tax deductions if you don’t meet tax obligations

June 28, 2019/in Business Advice /by Salisbury Accountants & Business Advisors

Big Tax Changes: No tax deductions if you don’t meet your tax obligations

There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia.

This may happen if you:

Don’t lodge your BAS on time; or Don’t lodge your payroll each week using Single Touch Payroll […]

Important End of Financial Year Actions for You

June 28, 2019/in Business Advice /by Salisbury Accountants & Business Advisors

EOFY reminders – annual tax returns

Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June.

Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. We have […]

Tax planning tactics for individuals

June 24, 2019/in Accounting /by Salisbury Accountants & Business Advisors

EOFY last-minute tax planning tactics for individuals

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.

While the best strategies are adopted in July (that is, as early as possible in a financial […]

Tag Archive for: tax deductions

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As a taxpayer, if you use your own car for work purposes, you can claim a tax deduction using one of two methods — the cents per kilometre method or the logbook method.

The ATO will take strong action against false clothing and laundry work-related expense claims this tax time.

There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia.

Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June.

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.