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How Much Can You Claim On Your 2019 Return?

How Much Can You Claim On Your 2019 Return?

The ATO have sophisticated data matching tools which allow to identify any out-of-the-ordinary or ‘too high’ claims. 

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( Posted in: Tax )

The Difference Between Income Tax And Instalment Tax

The Difference Between Income Tax And Instalment Tax

If your business activity drops my suggestion is to go and talk to your accountant and they should be able to drop the amount per quarter that you have to pay.

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( Posted in: Tax )

Extension & Increase To The Instant Asset Write-Off For Small Businesses

Extension & Increase To The Instant Asset Write-Off For Small Businesses

The popular instant asset write-off for small business has been extended and increased.

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( Posted in: Tax )

Fringe Benefits Tax Is a Nuisance

Fringe Benefits Tax Is a Nuisance

It’s particularly frustrating for our small business clients, as they often have work-related car use or take their employees out for lunches or social functions.

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( Posted in: Tax )

Claiming Car Expenses: Cents Per Km or Logbook Method?

Claiming Car Expenses: Cents Per Km or Logbook Method?

From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.

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( Posted in: Tax )

How Tax Planning Can Maximise Your Tax Return

How Tax Planning Can Maximise Your Tax Return

As tax advisors, the coming months are the most important time of the year. If you are a small business owner, you should consider this as a vital period for you too, because right now is when you are best to conduct your tax planning.

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( Posted in: Tax )

Our Pre-Election Tips & Advice

Our Pre-Election Tips & Advice

We’re two weeks out from the federal election, and it’s time to freeze.

Don’t do anything, small business people.

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( Posted in: Tax )

Warning For Tax On Overseas Income

Warning For Tax On Overseas Income

Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income.

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( Posted in: Tax )