MYTH or FACT? – Meal expenses incurred during ride sourcing are claimable

  Very often we are asked if meal expenses incurred while driving Uber, Ola, DIDI or using any other ride sourcing platform are deductible.   We’ve noticed a spike in inquiries relating to deduction for meal expenses.   In most cases, clients tell us that other accountants are claiming meal expenses on GST returns for […]

Work from Home?

  If you’re working from home, you may be able to claim some of your home office expenses at tax time. You’ll need to make sure your deductions meet the three golden rules when working out your claim: 💵 You must have spent the money yourself (and have not been reimbursed) 💼 Your costs must […]

Coronavirus Stimulus Package to support Businesses

On 12th March 2020, The Morrison Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus.   Delivering support for business investment $700 million to increase […]

Forfeiture of Rental Bond

  Rental and other rental-related income is the full amount of rent and associated payments that you receive, or become entitled to, when you rent out your property, whether it is paid to you or your agent. You must include your share of the full amount of rent you earn in your tax return.   […]

Superannuation guarantee amnesty bill passed by Parliament

Superannuation guarantee amnesty bill passed Parliament on 24 February 2020 and has now received Royal Assent and is law.   This law change provides a number of incentives for employers to pay any unpaid historical superannuation guarantee (SG) amounts relating to the period 1 July 1992 to 31 March 2018.   Superannuation guarantee amnesty benefits […]

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