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Chris Jordan, Australia’s Tax Commissioner, has warned that the Australian Tax Office (ATO) is about to crack down on people claiming work-related expenses Jordan stated that a recent check into work-related expenses has uncovered a large number of wrongful claims. He also warned that 100% of the claims that were taken before the Administrative Appeals…
The Turnbull government has flagged personal income tax cuts as part of this year’s budget Back in November, Prime Minister Malcolm Turnbull had declared as part of his pre-election speech that any tax cuts would be aimed at the low and middle classes. Now, with the budget submission released in late February, Turnbull seems to…
As the end of fiscal year (EOFY) approaches for most companies in Australia, it’s time to make sure you’re not missing out on any opportunities to reduce your business tax obligations. While you should make sure to conduct a thorough review of all your financials, these additional tips can help you find specific ways to manage your tax concerns before…
The Australian tax code can be confusing, especially for new or small to medium businesses. If you take some time to learn the basics, though, you can make tax deductions work for you regardless of the size of your business or how many expenses you have. Take a read through these tips to see what…