GoTax Land - WEIRD TAX Deductions - Can you claim them?!
GoTax LIVE! - Q&A's - Flu Shots, Kmart & Glasses
Get Smart with GoTax - Salary Sacrificing your Superannuation
GoTax Land - What is a TAX Deduction?
GoTax Land - Why Can't I Claim My Expenses?
GoTax LIVE - Q&A's - Headphones, Phone Charger & Hearing Aids
Save $210! Lodge on time!
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Coronavirus - JobKeeper Payment for Self Employed
Coronavirus - JobKeeper Payment for Employers
Coronavirus - JobKeeper Payment for Employees
2020 Tax Updates
Get the 'Working from Home' Tax deductions you deserve!
Watch our video to find out more!
Head to www.gotax.com.au to claim your 'Work from Home' tax deductions.
GoTax LIVE - Special Car Expense Edition
What is a Work Expense?
Money borrowed for an investment, where the interest and deductions exceed the investment income and can be claimed as a deduction against other types of income.
Records must be kept in English and kept for five years from the date they were prepared, obtained or transactions completed.
Rental and other related income (e.g. Bond payments for damages) are the amounts received when you rent out your property. The full amount of rent received must be reported on your tax return.
Notice of Assessment (NOA)
A notice you receive from the ATO advising you whether you have tax to pay or will be receiving a refund. This is sent electronically through MyGov if you have a MyGov account or it will be posted out to the address the ATO have on file.
Decline in Value
Also known as depreciation. An amount that can be deducted from the value of a depreciating asset that you have had within the financial year. This is based on the effective life of the asset.