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Claiming Work-Related Expenses | Part 2 – Claiming Car Expenses
As we mentioned in the first article of this series; “4 Things You Should Know Before Claiming Work-related Expenses“, you may be entitled to claim certain deductions for work-related expenses in your tax return. But: You must have spent the money out of your own pocket You mustn’t have been reimbursed for it already It…
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Why Year-End Tax Planning is Important, even for Individuals!
If you could pay less tax this year what would you do with the extra money? Would you use it to: Reduce your home loan? Top up your Superannuation fund? Save for your dream holiday? Buy a new car? Build a deposit for an investment property? Save for your child’s education? Year-end tax planning season…
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6 Ways Year-end Tax Planning Can Benefit You & Your Business
If you really want to own and run a successful business, year-end tax planning must be incorporated into your annual planning and overall business strategy. As you’ve probably heard a million times over, “Failing to plan is planning to fail.” Rather than just skimming over that statement, really ask yourself: Do you understand the implications…
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