Claiming a Tax Deduction
for Work Clothing
Do you need to wear a suit to work? Or perhaps you need to wear a uniform emblazoned with your company’s logo? Perhaps you work in a clothes shop
Contractor or Employee
It’s common in certain trades for people to be taken on as independent contractors rather than employees. Deciding whether a person is a contractor or an employee can be a minefield,
Claiming Car Travel
If you use your car for work you are entitled to claim the expenses that relate to the business costs of using your car to do your job.
Self-education expenses are deductible when the course you undertake leads to a formal qualification
Purchasing a Investment Property
The income received is taxable to the owners of the property in the same proportion as the ownership interest
Living Away from Home Allowances
LAFHA’s are intended to compensate you for expenses incurred whilst you are working away on secondment or on a contract which relate to expenses such as accommodation
The aim of salary packaging is to enable an employee to receive a combination of income and benefits in a tax-effective manner.
Which Structure You Should Choose
First, let’s consider the simplest of the various structures; starting a business as a sole trader or as part of a partnership
HECS-HELP is a loan scheme that assists eligible Commonwealth supported students to pay their tuition fees.
Trusts & Tax
Few structures are as widely used but as little understood as trusts, especially when it comes to the potential tax consequences which can arise where they are misused.
Capital Gains Tax
When you sell an asset, whether as part of your business or in a personal capacity, it’s very easy to forget that there will probably be tax consequences.
Donations & Gifts
You can only claim a tax deduction for gifts or donations to organisations which are deductible gift recipients (DGRs).