The ATO has announced a temporary short cut method to make it easier for individual taxpayers to claim deductions for running expenses incurred as a result of working from home due to the Coronavirus pandemic. The ATO will allow individuals to claim a deduction at a rate of 80 cents for each hour a.....
The ATO has reported that, in 2018, 6.7 million tax payers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes expenses related to working from home (i.e. home office expenses). Along with this increase in the number of claims for hom.....
There is a cap on the concessional superannuation contributions you make to your superannuation each financial year. If you contribute over these caps, you may have to pay extra tax. The cap amount and how much extra tax you have to pay may depend on your age, which financial year your contribut.....
Currently there are 115,000+ renters on Airbnb. You can rent out your house, apartment, a room or sublet your residence/property through the Airbnb app. Any income earned from renting property through Airbnb is assessable. Airbnb hosts are generally treated exactly the same way as anybody else.....
You are entitled to claim the costs of using your car to do your job, if you use your car for work purposes. There are two methods you can use to claim car expenses: METHOD 1: CENTS PER KILOMETRE Under this method you are eligible to claim up .....
4/438 Samford Road
Gaythorne, QLD 4051
1300 36 65 29
© 2024 Austaxqld Pty Ltd Public Accountants & Tax Agents
