Rental Property Depreciation

  Rental Property Depreciation   The depreciation deductions that often go unclaimed   Depreciation continues to be one of the most common deductions missed as research suggests that just 20 per cent of property investors maximize the deductions they can claim.   On average, an income producing property owner can expect to claim between $5,000 […]

What happens if I don’t lodge a tax return?

What happens if I don’t lodge a tax return?   For most taxpayers earning more than the tax-free threshold – currently $18,200 – it is mandatory to lodge a tax return. In some cases, a taxpayer may be required to lodge a tax return even if they earn less than tax free threshold, for example […]

GST – In Simple Terms

GST – In Simple Terms   Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Generally, businesses and other organizations registered for GST will: • include GST in the price they charge for their goods and services • claim credits for […]

Work Related Clothing Deduction

Work Related Clothing Deduction   Are you required to wear special clothing at work?   Does your work uniform have your employer’s logo permanently attached to it?   Is your work uniform unique to your profession?   Are you required to wear specific uniform for protective purpose?   If you answered Yes to any of […]

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