If you were walking down the street and saw $500 lying on the ground, what would you do?
A Deakin University tax expert has called on the Government to strengthen existing double tax treaty agreements to curtail the practice of foreign companies siphoning untaxed profits from Australia.
ONE in three Australians are choosing the do-it-yourself option at tax time and bypassing the need for an accountant to file their returns.

The dangers of DIY tax

Aug 03, 2014

MILLIONS of taxpayers who do their own tax returns are being warned to watch out for the traps that can be costly at this time of the year.
Do you drive for work purposes? Although in most cases you can't claim the expense of your daily commute on your taxes, if you use the car while performing your work duties you may have a valid deduction. It's worth taking a closer look at how and when you can deduct car-related expenses, in order to potentially save a bundle on transport.
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comments-rhsLatest Comments

  • "Congrats Bikash. If you are working as an accountant (or in the general field) then you can prepay your CPA course fees & claim as a tax deduction this year as work-related self education study. If..."

    By: Mr Taxman at Jun 25, 2020 1:39AM

    Post: Tax strategies that count the cost of COVID-19 and recession

  • "Hi Adrian, I bought your new book, got my free $500 after co-contribution. I am planning to my CPA, enrolment starts 30 June 2020 but semester only begins on August 2020. Can i claim the..."

    By: Bikash at Jun 23, 2020 3:59AM

    Post: Tax strategies that count the cost of COVID-19 and recession

  • "If you run a business Bikash you could claim in full via the instant asset write-off. However if you are an employee you will need to depreciate the laptop & only claim a very small amount in your..."

    By: Mr Taxman at Jun 22, 2020 9:28AM

    Post: Max your tax return: 5 things you should do before 30 June

  • "Can i claim laptop purchase with covid?"

    By: Bikash Rai at Jun 21, 2020 8:25AM

    Post: Max your tax return: 5 things you should do before 30 June

  • "You won't be able to claim a deduction for car parking unless a0 you park for less than four hours between 7am and 7pm; or b) you park more than 1km from work (ie not close proximity to work)."

    By: Mr Taxman at Jun 15, 2020 7:33AM

    Post: Claiming car expenses