Maximising Tax Refunds in Australia
While the process of taxation may seem overwhelming, understanding key strategies for maximising tax returns can be of significant financial benefit.
Tax time
What to Claim this EOFY to Maximise your Tax Deductions in 2023
In Australia, the end of the fiscal year (EOFY) is a critical time for individuals and businesses to assess their finances and make financial decisions in order to maximise their tax deductions. This requires careful planning and consideration of eligible expenses. Work-related expenses, charitable donations, and investments in depreciable assets are examples of such claimable … Read more
Work From Home Tax Changes You Need to Know: Financial Year 2023
It’s nearing the end of financial year 2023. Here are the work from home tax time changes you need to know.
Changes to the Instant Asset Write-Off for End of Financial Year 2020
On March 12th, 2020 big changes to the Instant Asset Write Off were announced. Initially the 2019/20 financial year saw the threshold amount for each asset sitting at $30,000, however for the period between March 12, 2020 – June 30, 2020 that threshold has been lifted to $150,000 for each asset, with eligibility expanded to … Read more
The Office Essentials you Need for Working From Home
2020 will be a year we will all remember for the rest of our lives, the year of COVID-19 and the sudden rise in working from home. No one could have predicted that enjoying a meal at our favourite restaurant would go away, and that hanging out with friends would become a thing of the … Read more
Working from Home? Here’s What you can Claim at Tax Time
Courtesy of the Coronavirus more of us are working from home than ever before, leaving a lot of questions around what’s going to be claimable. So, what exactly can you claim come tax time? Working from home means either you or your company will need to spend some money on essential items for your new … Read more
Making the most of the Instant Asset Write-Off for Small-Medium Business
In exciting news for Australian small-medium businesses, this year’s budget included a boost to the instant asset write-off. The 2019/20 financial year sees the threshold increasing to $30,000. As an added incentive the eligibility criteria has been extended to include businesses with an annual revenue of up to $50m (previously capped at $10m) which means … Read more
