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Recent Posts

1 Aug 2017

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties.

In most circumstances, when claiming other deductions, you will be expected to be able to substantiate the expense being claimed with documentary evidence, and produce that evidence should the ATO request it.

However an exception to substantiate claims applies to travel allowance expenses if the ATO considers the total...

11 Jul 2017

Just when many Australians are considering getting away for a winter break, the ATO is reminding taxpayers that it is paying close attention to rental properties located in popular holiday destinations around Australia.

The ATO recently issued a statement saying that last year it identified a large number of mistakes with deductions for rental properties, particularly with regards to holiday homes.

Read more in our July Newsletter.

3 Jun 2017

The general rule is that you can claim deductions for expenses your business incurs in its task of generating assessable income. Many of these deductions are obvious – rent, materials, supplies and so on — but there are also some less obvious options left available just before the end of the income year, should your circumstances suit, to further reduce your enterprise’s tax burden for the year.

Read more in our June 2017 Newsletter

7 May 2017

Given the state of the Australian Property Market in Australia these days, a not-uncommon situation can arise, where a residential property owner seeks to demolish and sub-divide the block containing the family home and build residential units.

Continue reading in our MAY 2017 NEWSLETTER .....

1 Apr 2017

A recent case to the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon, that you should keep in mind for work related or business expense deduction claims, especially where the acquisition of claimable assets is made in a certain way.

Continue reading in our APRIL 2017 NEWSLETTER

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