Let the dance with the Taxman begin

May 03, 2008

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The first whiff of winter in the air generally marks the start of the financial silly season, when rational investors seek irrational answers to the challenge of cutting this year's tax bill.

ATO targets work related tax deductions

May 02, 2008

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If you are a travel consultant who is thinking of putting that family trip overseas down as a work-related expense on your tax return, it might serve you well to think again.

ATO puts spotlight on work claims.

Mar 20, 2008

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Those who work from home or use their own car for their job could face heavy scrutiny of work-related expenses over the next year in a new tax office crackdown, accountants warn.

Sit tight

Feb 13, 2008

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Gyrations on the sharemarket can spook even steely investors but the turbulence is particularly unsettling for those nearing retirement.

1 million dollar sweetener may turn sour

Jan 23, 2008

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Investors who tried to capitalise on the $1 million tax free window introduced last year may have lost over 16 per cent of their superannuation money due to the falling sharemarket.

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