What home office expenses am I allowed to claim now I’m working from home?

If you work part of all of your job from home, you may be able to claim a deduction for the costs incurred in running your home office in your next Tax Return. Even if the room is not set aside solely for work-related purposes.  Since the outbreak of Coronavirus in Australia, the Australian Tax Office (ATO), has announced unique rules to make it easier for people to claim deductions…  Read more

Weirdest Tax Time excuses the ATO has ever seen

The ATO have recently given examples of some of the weirdest Tax Time excuses they’ve ever received, and they’re hilarious! Read all about them below:   1. “Someone has stolen my pants”   One taxpayer claimed to have a thief break into their car and steal their pants containing all proof of purchase.   2. “I’ve got holiday brain”   As an excuse for late lodgment, one taxpayer claimed to…  Read more

What you need to know this tax season

With tax season in full bloom we’ve compiled a list of a few things we think you should be aware of. Individuals Waiting for your payment summary? Check out myGov If you are waiting for your annual payment summary from your employer, make sure they are not reporting through Single Touch Payroll (“STP”). If they have prepared for STP, you need to link your myGov account to the ATO to…  Read more