Claiming deductions on home office costs
To claim the tax deduction in the home office, you need to maintain a full week office diary, which helps us apportionate, what costs are your private costs and what is your business related costs.
Vlog
How to sell your home tax free
If you’re an Australian, your family home is often your largest asset. And the ability to sell back home tax-free is an important part of your overall financial strategy.
Main residence exemption
The really important thing that’s happening now, is that if you’re a foreign tax resident of Australia, the main residence exemption on the side of your house is being taken away.
FBT and other taxes
If we’re looking at fringe benefits tax, where we try and talk about it existing with other taxes is this concept of a reportable fringe benefit
Tax Audit: When is the best time to get ready?
Nobody wants a tax audit. It’s always a little bit disconcerting when they come around. When should you get ready for a tax audit?
Claiming tax on business conferences
A lot of people think of a conference as a bit of a business junket, but from a tax point of view, there’s a fine line between what is a conference and what is a bit of a trip with your mates?
Getting tax deductions on travel expenses
One of the biggest concepts in tax law is that you’ve got to have receipts to prove your expenses that you incur. When you’re traveling, that’s really hard because you’re getting out of the taxi, you need a receipt, you’re buying some food at the bar, some chips for dinner.
How to defend yourself against a preference claim
Basically, you’re in business and someone pays you, they go into liquidation and the liquid they want you to pay your money back. Not a good position to be in, but there’s a couple of ways that you can defend yourself against a preference claim.
Claiming Tax on Staff Christmas Gifts
Coming up to Christmas and a lot of people want to give their staff and their team a little reward as a thank you for doing a good job and if you give your staff a bonus as a cash bonus, they’re going to pay tax on it, which is not such a great idea.
Death Taxes and how they affect you
We’ve actually been 40 years since Australia got rid of our death taxes, but a lot of us think that’s the end of it and unfortunately that’s not the case. We still have death taxes contained within our superannuation system.
