Concessional Superannuation Contributions Cap

Concessional Superannuation Contributions Cap

Concessional Superannuation Contributions Cap

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.....

AIRBNB – YOUR TAX OBLIGATIONS

AIRBNB – YOUR TAX OBLIGATIONS

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.....

How To Lodge Outstanding Tax Returns

How To Lodge Outstanding Tax Returns

Most people need to lodge an income tax return every year.  Having outstanding tax returns can lead to penalties from the ATO.For self-lodging individuals, the deadline to lodge your tax return is currently the 31st October.  If you used an accountant/tax agent to submit your previous tax retu.....

Can I Claim Car Expenses On My Tax Return?

Can I Claim Car Expenses On My Tax Return?

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 .....

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