Knowledge Space
What expenses can you claim without a receipt?
What expenses can you claim without a receipt? Total work-related expenses $300 or less If your total work-related expenses are $300 or less, you do not need any receipt for
Why is my tax refund considerably low in FY 2024?
On average, 25% of salaried individuals in Australia will find their tax refund is less than their expectation. There are plenty of reasons for this. The most important reasons for
Do you know your Airbnb or other short-term rent will also attract capital gain tax?
The rise of Airbnb and similar platforms has transformed property rental in Australia, creating new income opportunities for property owners. It is very important to understand the tax implications on
Tax Saving Tips – Buy the car or other capital asset before 30th June 2023 and save the tax
Are you planning to buy a car or any other capital asset for your business soon? If yes, please buy on or before 30th June 2023 and claim deduction for
Tax Planning – Buy electric car and claim FBT exemption
Tax Planning – Buy electric car and claim FBT exemption Are you looking to buy a car in your business? Buy electric car and claim FBT exemption. FBT is exempt
Tax Planning – Unused Superannuation Cap – Save Tax and boost your Superannuation balance
Use the unused carry forward concessional superannuation contribution cap Save Tax and boost your Superannuation balance The fundamentals behind the ‘carry forward’ unused cap rules are outlined below. A concessional
Lodge your TPAR
TPAR stands for Taxable Payments Annual Report. What is the purpose behind TPAR The purpose of the TPAR is to help the ATO identify contractors who are providing services who
