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Rental Property-What can you claim as a deduction?

According to the ATO, you can claim as a deduction expenses relating to your rental property but only for the period your property was rented or available for rent. There are two types of expenses, the ones you can deduct immediately and the ones you can deduct over a...

19 BEST TAX PLANNING TIPS FOR SMALL BUSINESS

What is the purpose of a Tax Planning for a small business? A tax planning for a small business helps you to reduce the amount of taxes paid to the Government, and maximise your return. The tax planning will use beneficial tax-law provisions, such as allowable...

ATO Watchlist for this year Tax Return

The Australian Taxation Office (ATO) is using increasingly sophisticated techniques to identify taxpayers whose tax return disclosures do not match other data the ATO holds. Every year, they identify areas within the tax system to target. According to the Australian...