Julia's Blog
By Julia Hartman
Download PDF Good record keeping is probably the most effective tax tip going. This blog covers the record keeping requirements for cars, mobile phones and home office claims. Vehicles: In order to claim a vehicle you must “hold” the vehicle. If your employer makes the lease payments on the vehicle, your employer “holds” …
Download PDF Many decades ago the government introduced substantiation concessions for people travelling in their job and receiving a travel allowance. Basically, if the amount you claim is reasonable you do not need to keep receipts. Every year the ATO releases a detailed ruling of the amount that it considers reasonable depending on where …
Download PDF With over 2 percent of the taxpayers in our group being classified by the ATO as having compromised tax file numbers (TFN), I started asking questions of the ATO. This percentage increases every year because there was no way a taxpayer could become uncompromised or obtain a new TFN. A compromised TFN …
Download PDF How would you interpret this piece of legislation? 900-50(1) You can deduct a *travel allowance expense for travel within Australia without getting written evidence or keeping travel records if the Commissioner considers reasonable the total of the losses or outgoings you claim for travel covered by the allowance. Each year the ATO …
Download PDF This blog is intended to help truck drivers keep the records they need during the year to maximise their tax refund. Obviously keeping receipts for everything is the way to go but paper receipts do present problems with fading and storage. This can be avoided by using the ATO app and …