Can you access your superannuation early to boost your home deposit?

Jun 22, 2020

Tags: Accountant Melbourne, Accountant Sydney, Coronavirus, COVID-19, Family, Property, Super

Banks are taking very different approaches when it comes to first-home buyers using super withdrawn under the government’s COVID-19 hardship provisions as part of their deposit.

Tax Leap Years - How can I avoid an unexpected tax bill?

Jun 19, 2020

Tags: Accountant Melbourne, Accountant Sydney, Chartered Accountant, Employers, Personal tax

If your first fortnightly pay of the new financial year is on 1 July, you could have a 27th pay period, so how do you avoid a tax bill next financial year?

Preparing your SME tax return in the wake of COVID-19

Jun 19, 2020

Tags: Accountant Melbourne, Accountant Sydney, Business, Chartered Accountant, Coronavirus, COVID-19, Employers, FBT, GST, PAYG Withholding, Small Business, Starting a Business, Super

Instant asset write offs, fringe benefits, single touch payroll…there’s a lot of jargon out there when it comes time to prepare your small business tax return.

Robodebt victims could face second round of pain – tax bills on refunds

Jun 18, 2020

Tags: Accountant Melbourne, Accountant Sydney, Chartered Accountant, Employees, Personal tax

ATO refuses to answer whether $720m worth of Centrelink refunds will be treated as taxable income

What to know about your 2020 tax returns when working from home

Jun 15, 2020

Tags: Accountant Melbourne, Accountant Sydney, Chartered Accountant, COVID-19, Deductions, Employees, Home Office, Personal tax, Travel

With an onslaught of extra people working from home thanks to COVID-19, tax-time in 2020 could look a little different from previous years.

comments-rhsLatest Comments

  • "Yes you show the km allowance as taxable income and then you can also make a claim for your car travel. Under the cents per kilometre method you are limited to the first 5000km. So if you get..."

    By: Mr Taxman at Jun 04, 2025 11:57PM

    Post: Claiming car expenses

  • "No would not be able to claim the Uber home nor to the station the next day. The trip to the off-sit meeting would be claimable."

    By: Mr Taxman at Jun 04, 2025 11:55PM

    Post: Claiming car expenses

  • "Depends on your finance type ... if you takeout a lease then the lease payment forms part of your costs (but no depreciation can be claimed) ... if you takeout a Hire Purchase or a Loan then only the..."

    By: Mr Taxman at Jun 04, 2025 11:54PM

    Post: Claiming car expenses

  • "The cost of the trailer itself could be depreciated - usually over 8 years. Assuming no personal usage with it then 100% of that depreciation plus annual rego could be claimed."

    By: Mr Taxman at Jun 04, 2025 11:50PM

    Post: Claiming car expenses

  • "That would be a non-deductible trip unfortunately Erin"

    By: Mr Taxman at Jun 04, 2025 11:48PM

    Post: Claiming car expenses