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Fact Sheets

Car Expenses Fact Sheet

Click the following link to view the .pdf version: Car Expenses

Tax Tips for Property Investors

This brochure outlines the records you need to keep at each stage of your investment property journey. It includes easy tips to help you get it right throughout the year and provide your accountant with correct records at tax time. View the brochure below or download the PDF: Tax smart tips for investment properties

Rental Property Tips to Avoid Common Mistakes

This brochure outlines the 10 most common mistakes we see on tax returns for rental property owners, and how to avoid them: View the brochure below, or Download the PDF: Top 10 tips to help rental property owners avoid common tax mistakes

Tax Deduction Checklist

TAX DEDUCTION CHECKLIST Tax deductible? Admission fees: For lawyers and other professionals. Disallowed as capital cost. No Airport lounge membership: Deductions to the extent used for work-related purposes. Yes Annual practising certificate: Applies to professional persons and other contractors who must pay an annual fee to practice in their chosen field. Yes Bank charges: Deductions […]

Early Tax Planning Can Save You $$

All too often, tax planning is left to the last minute, which makes it difficult to effectively reduce your potential tax bill! Tax planning can have some great benefits for any business, large or small. It involves evaluating the business’s current financial situation, estimating probable profit or loss for the end of the financial year, […]

Tax Guide for Airbnb Hosts

If you are considering joining up with Airbnb in order to rent out a part of your residence, there are important things to consider regarding how you manage your taxes. Rental income The income you earn from Airbnb activities will be assessable income in the eyes of the ATO and should be reported on your […]

Tax Guide For Uber Drivers

Whether you are currently an Uber driver, or considering becoming an Uber driver, there are important things to consider regarding how you manage your taxes. Income Tax When you drive for Uber you are not an employee, you are a contractor and you must have an ABN. Uber do not withhold any taxes and individual […]

How To Complete a Motor Vehicle Logbook

When using the logbook method, your claim for motor vehicle expenses is based on the business use percentage of the expenses for the vehicle and covers running costs (fuel, repairs, rego, insurance etc.), depreciation, loan interest, lease payments (where applicable). In order to use this method, you MUST have completed a logbook for 12 consecutive […]

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