Can I claim my boots on my Income Tax Return? Do you work somewhere that requires you to wear protective steel cap boots? Like on a building site or in the mines? Or maybe you’re a concretor and need to wear rubber boots for work? If yes, then you may be able to claim the cost of your boots to protect your toots (feet). How awesome is that? If your boots are over $300 make sure you
Are their Tax consequences to AirBNB? Airbnb is a popular way of making some extra money. However, there are tax issues that arise from renting out your home or part of your home. The ATO are targeting Airbnb hosts who are not declaring their income and not paying their fair share of tax. Airbnb income needs to be declared in your tax return. However, you can also claim a portion of y
What can a nurse claim on their Tax? Nurses are there for more than just dressing a wound or giving someone their needles. They are the backbone of the medical industry, they are the decision-makers, most of the time they’re at the forefront and need to determine quickly the best course of action, provide full care, and be the communicators for their patients. When it comes to requ
Do I include my partner's income on my tax return? This is a common question we get asked all the time. Don’t worry, you don’t have to pay tax on your partner’s income, however, it is needed in case you have to pay extra Medicare Levy or pay back some of the private health insurance rebate you received during the year. These things are based on your combined annual inco
Can you save Tax with Private Health Insurance? 2020 You may have heard from your mates that you can save tax by getting private health insurance.Well, this is correct but only in the following situations: If you are single and earn more than $90,000 If you are part of a couple or a family and earn more than $180,000 If one of the above applies to you, then you will e
How to deal with Old Tax Returns Even though it’s time to do your current tax return, it’s never too late to catch up on old tax returns that you haven’t done or have forgotten about. Time is ticking; to avoid being penalised and fined, you will need to lodge your old tax returns. Not sure what to do? Don’t worry we can help! Things to be aware of: If
Important information on Tax Returns for Uber Drivers The ATO is asking banks to hand over details about customers that use Uber in order to crack down on drivers that are not paying their fair share of tax.The ATO will receive details of all payments made to Uber which is estimated to be around 60,000 people. Make sure you are registered for GST, keep a log book and keep a summary o
How To: Get Your $1080 Tax RefundGet your hands on some sweet, sweet cash. The Low- and Middle-Income Tax Offset is available to anyone with income up to $126,000, however, how much you receive will depend on your income. Anyone earning less than $37,000 will receive $255 Anyone earning between $37,001 & $48,000 will increase steadily to $1080 Those earning between $48,000 & $90,0
Unusual Work from Home Tax DeductionsThis one is a bit of a noodle scratcher... We have all had to adjust to the new way of life, working at home, attending multiple ZOOM meetings, and simply trying to figure out life in this new world. And with the new world, comes unusual tax deductions, some of these unusual work from home tax deductions include lighting/photo equipment and microphones to
2021 Tax: Working from HomeGreat News! Well, it could be… The ATO have extended their 80c Shortcut method to 30 June 2021. This means that if you have worked from home for the full year, you may be able to claim the 80c Shortcut Method for the full year. What is the 80c Shortcut Method? This method covers ALL expenses relating to you working from home. So, all running expenses