No receipts | 2023 Gotax Tax deductions that are available without receipts Fixed Rate for Home Office Expenses The Australian Tax Office (ATO) allows you to claim a flat rate per business hour to cover the costs of working from home. For the 2022-23 tax year, the rate increased from 52 cents to 67 cents per business hour. This revised fixed rate covers energy costs, phone and internet ex
What is a Tax Return? Q: What is a tax return? A: A tax return is a form that you lodgewith the ATO (Australian Tax Office)that reports income, expenses, and other tax information. In Australia, individuals and businesses must lodge their tax returns with the ATO to determine their tax obligations or refunds. You can lodge your tax return online through the easiest online platform available,
eCashbooks: Simple Bookkeeping for Small The Simple Bookkeeping Solution for Small and Micro Businesses eCashbooks is the easiest way to manage your business finances, with a mobile app, BAS support, and affordable pricing. Keep your books up to date on the go! For small and micro businesses, managing finances can feel overwhelming, especially when faced with complex a
Maximise Tax Deductions: Non-Car VehicleUnlocking Tax Deductions: Vehicles That Aren’t Yours or Aren’t Cars When it comes to claiming tax deductions for vehicle expenses, many people think it only applies to cars they own. However, if you use a vehicle that isn’t yours or isn’t classified as a car, you might still be eligible for deductions. Here’s a simple guide t
Maximise Your Car Expense DeductionsMaximising Your Tax Deductions: Car Expenses in Australia Using your car for work-related purposes can reduce your taxable income and maximise your refund. However, understanding the rules can be tricky, and mistakes can cost you. We'll explainhow to claim work-related car expenses correctly while avoiding common errors. Index Understanding Wor
New Tax Benefits for Small Donations: What You Need to Know The Australian Government has recently announced an exciting change to tax rules: donations under $2 can now be claimed in your Income Tax Return. This change is especially relevant for taxpayers who frequently use "rounding up" mechanisms at supermarket checkouts or other point-of-sale charity initiatives. Here’s everything you
What Tax Deductions Can I Claim as a Rideshare Driver? Whether you're driving for Uber, DiDi, or another platform, understanding the tax deductions you can claim is essential for maximising your tax refund. This guide will provide you withinformation on the tax deductions available to you. Let's take a look at the rideshare tax deductions with some simpleinsights. Eligible Tax Deductions
Understanding the Pay As You Go (PAYG) instalment system... ... can significantly ease the process. We will walk you through the essentials of prepaying tax using the PAYG system, highlighting the benefits, potential traps, and providing practical examples to ensure you're well-prepared come tax time. What are PAYG Instalments? PAYG instalments are a method of prepaying your tax obligatio
Identity Theft and Tax Safeguarding your personal information against identity theft and scams is more critical than ever. With tax season being a prime time for fraudsters to strike, it's essential to be vigilant and proactive in protecting your sensitive data. Here’s a guide to help you navigate the murky waters of identity protection and scams, ensuring your financial and personal info
Selling Your Home: Tax ImplicationsIf you've sold your home ... ... it's important to consider the tax implications of your sale. Many Aussies wonder if the Australian Taxation Office (ATO) can track the sale of their home and what this means for their tax obligations. Wewill provide clarity on the topic and offer practical advice to help you navigate the process smoothly. Can the ATO Track