Let’s face it: managing your finances can sometimes feel like a wild roller coaster ride, especially when it comes to the intricate world of tax planning and preparation. But fret not, because we have the perfect solution for you: a tax advisor. These incredible professionals possess the expertise to navigate the labyrinth of tax laws...
The Information and Documents You Will Need to Maximize Your 2020 Income Tax Return and Avoid Common Tax Pitfalls With all the confusion and uncertainty in the world, you’ll be forgiven if you’ve forgotten that tax day is on 31 October. Knowing where to begin with gathering the information and documents that you will need...
Taxes may be one of the most confusing concepts to understand. What can be deducted? What can’t? Sometimes there does not seem to be any sort of pattern at all. So how can you be sure of what is tax deductible and what isn’t? Follow a few of these guidelines and you can start saving...
You’re Supplying the Home Office, Now Get the Government Pay for It During ordinary times, the Australian government imposes strict requirements on whether and when a person can claim deductions for a home office. But we are not living in ordinary times, and the Australian Taxation Office (ATO) has recently announced changes to the tax...
What are CFD’s? Simply stated for a general audience, a CFD stands for contract for difference, which can be generally described as an agreement between a CFD provider and a buyer in which the buyer and provider disagree about the future of a security (shares of a stock for example. Basically, the two parties are...
Property investment isn’t just a surefire way to earn money. A little known secret is that if you handle it right, you can make money on your taxes for simply including some of your cash expenses on your tax returns! Simply going the extra step could net you back a lot of money come April....
Choosing a good accounting software to start a small business is one of the first decision that every small business owner needs to make. What does an accounting software do for a small business owner? Basic Accounting Software Features: Track income & expenses: Creating professional invoice and quote or secure connection to POS is the...
This year ATO announced that would force on “other work-related deductions” in the individual tax returns. The other work-related deductions are shown in Lable D5 in the Individual Tax Return and included, Union fees Overtime meal allowance Seminars (I.e. Breakfast seminars) Books and Journals Home office Repairs and Maintenance only (i.e. computer repairs) Tools and Equipment...
