Tax Tips 2020/2021

ATO’s Red Flags for the financial year 2021 Work-related expenses – Getting it right Don’t forget the three golden rules: You have spent the money and were not reimbursed It was directly related to earning your income You have a record to prove it Working from home claims  (expectation from the ATO: to increase) This

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Tax Return

Tax-Saving Tips

Are fitness expenses tax deductible? Fitness expenses will be deductible if employees need an abnormal level of fitness to perform their job. Typically, this applies to only professional sportspeople, physical training instructors with the defence force and police force, firefighters, and special forces personnel. Implementation process: Determine whether the employee requires above normal (extreme) levels

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