Do I need an accountant to do my tax return?

Do I need an accountant to do my tax return? Depending on whether your finances are straightforward or more complex, you may choose to do your tax return yourself or engage a professional. If you have multiple sources of income, various investments, possibly your own business or have lots of …

Watch out for tax scams

Watch out for tax scams The end of the financial year will likely bring the usual wave of scams. Here’s what to watch for. The Federal Budget is behind us, and amid the celebrations over tax cuts (around $500 annually for low to middle income earners), now is the time …

Are you entitled to a tax deduction on personal super contributions?

Are you entitled to a tax deduction on personal super contributions? This financial year is the first time that employees can claim a tax deduction for their personal super contributions. Personal super contributions made during the 2017-18 financial year can now be claimed as a tax deduction by most Australian …

Work expenses – what can you claim on tax?

Work expenses – what can you claim on tax? With the ATO keeping a close eye on deductions, make sure you’re across what you can and can’t claim. If you’re claiming back some of the money you’ve spent as part of your job this year, it’s a good idea to …

Watch out for tax scams

Watch out for tax scams The end of the financial year will likely bring the usual wave of scams. Here’s what to look for. The Federal Budget is behind us, and amid the celebrations over tax cuts (around $500 annually for low to middle income earners if proposals are legislated), now is …

Now’s the time for tax planning

Now’s the time for tax planning With less than ten weeks remaining to the end of the financial year, now is the time to start some serious tax planning. Getting ready for tax time should go well beyond bundling receipts into a shoe box for your accountant. The run up …

5 ways Australians will use their tax return this year

5 ways Australians will use their tax return this year With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the …

Five tax deductions to know about

Five tax deductions to know about You’re probably well aware you can claim a tax deduction for general work-related expenses. But did you know you may be able to claim if: 1. You take a course or study. You may be able to claim a portion of self-education expenses if …

What financial records do I need to keep?

What financial records do I need to keep? Ever feel like you’re drowning in a sea of paper? Tame the paperwork today and reap the rewards tomorrow. Life can be complicated enough without all the administrative paperwork that often accompanies it. This is particularly true when it comes to your …

Sending more to the tax office than you should?

Sending more to the tax office than you should? Can you keep more money for yourself and work towards being better off from 2017? As the year-end fast approaches, it’s a good time to think about how you can start working towards being better off. Before the end-of-year holidays start …