Due to COVID-19 situation, most of you may work from home during that period and planning to claim a deduction for each hour you have worked from home. That’s fine! However, please be mindful of your car deduction and laundry expenses. That amount should not be claim full year long. This is because the ATO … Read more Don’t get audit by ATO from silly mistakes
Overdue tax return Do you have an overdue tax return or you have missed the tax deadline? No worries, we can definitely assist you to lodge your overdue tax returns. How do I lodge the overdue tax return? You can easily complete and lodge the late tax returns from 2017 onward online through our website … Read more Late Tax Returns
Uniform and Laundry Expense Deductions There are many different jobs that require a certain type of attire or compulsory uniform. Did you know that most of these items could potentially be counted as a deductible expense? You can claim the cost for buying and cleaning occupation-specific clothing, protective gear and unique, distinctive uniforms. There are … Read more Uniforms and Laundry Expenses Deductions
Self-education expenses can be deductible if the expenses fulfil the following criteria: The course/training has a connection to your current employment The course/training will maintain/improve skills related to your current employment OR results in an increase in your income from current employment You are unable to claim deductions for self-education expenses if it is used … Read more Self-Education Expense
Claiming Home Office Deductions – Higher Deductions for FY2020 due to COVID-19 In view of the approaching 2020 Tax Season, it is a great time now to discuss the new rates for Home Office Deductions. Many people have found themselves working remotely due to the COVID-19 Social Distancing rules, but did you know that there … Read more Home Office Deductions
There are several conditions for you to be able to claim Motor Vehicle Expenses: You can claim Motor Vehicle expenses if you need to travel from site to site, or to pick up supplies and materials. You normally are not allowed to claim travel expenses from your home to your workplace. However, if your home … Read more Motor Vehicle Deduction
Let’s take a minute to compare One Click Tax and myGov’s myTax. What makes One Click Tax the better choice? MyGov OneClickTax (OCT) Website is available 24/7 online, no need to get time off work, or a face to face appointment with an accountant and risk getting COVID-19 😊 √ √ Income and information prefilled … Read more MyGov vs OneClickTax
What If I Don’t Lodge My Tax Return Tax Return Requirement As long as you have an active Tax File Number (TFN), you are required to lodge a tax return for that respective year (1st July – 30th June). This is normally done during Tax Season. In a tax return, you are required to declare … Read more What if I Don’t Lodge My Tax Return?
Working from home: The ATO has introduced a straight-forward shortcut method to calculate Home Office Expense during the period from 1 March to 30 June 2020. Using this shortcut, you can claim 80 cents per hour for all relevant running expenses incurred when working from home. It is important to note that if you choose … Read more What are the new tax rules due to COVID-19
We know that tax refunds are able to make your day or possibly a big difference into your life. Whether you are planning to buy something special for yourself, your family, or saving up for any other special occasions. TAX SEASON IS ALMOST HERE!From 1st of July, you can now start preparing and lodge your … Read more Open day of 2020 Tax Season
Did you forget to include any of your income or deductions in your tax return? No worries, we can definitely help you by lodging an Amended Tax Return! For both individuals and small businesses, you have TWO YEARS from the initial lodgement date to lodge a relevant amendment. We encourage our clients to lodge an … Read more Amending your tax return
Are you struggling with completing your individual, sole trader or business tax return? We are here to help you to turn it into a very simple tax return process. We understand that TAX IS NOT FOR EVERYONE. For this, we have created a simple system for you to have a go (with instructions included!).You can … Read more Need Help?