Tax time

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 ensure you’ve kept the appropriate records that may be required ahead of lodging your tax return. The Australian Taxation Office (ATO) said recently Aussies needed …

FinancialPartners 07/06/2018 20/08/2018 Blog / FP - Taxation claim / Deduction / deductions / expenses / expenses are related to work / expenses are related to work and personal use / legitimate / legitimate deduction / personal use / Tax / Tax time / Work / Work expenses - what can you claim on tax?

Act quickly before June 30

Act quickly before June 30 – to reap the benefits The recent Budget announcements could reduce your ability to contribute to super and its associated tax benefits. This time next year, new laws may have passed as a result of the recent Budget announcements. That means, super will more than likely be a different environment than it is today. The bottom line is you may not have the tax advantages or financial opportunities that are …