5 Tax Planning tips for 2019

With the end of the 2019 financial year approaching us fast, I’ve collated some simple year-end tax planning tips. Tax planning should be done on a regular basis throughout the year but these tips are especially relevant to consider just before the end of the financial year. The below suggestions may assist taxpayers to legitimately…

Claiming items on the ATO hit list

A few areas that the ATO will be looking closely at for the 2018 financial year are the claiming of the following expenses: Home offices Tools and equipment Phone and internet Union fees Seminars and conferences However for many Australian’s these are legitimate deduction and I’m going to discuss what records you need to keep…

The 2018 Budget & Your Business

  The 2018 Federal Budget was announced on the 8th May and the theme of this year’s budget wasn’t so much about tax savings or incentives, but on compliance and ensuring business is doing the right thing. Businesses in Australia are set to face tighter tax rules & tougher enforcement from the government. Below is…