Claiming Property Expense When Not Rented

Claiming Property Expense When Not Rented       The big question is – “What is Exceptional Damage Beyond Your Reasonable Control?”  The answer in the case of the above photo would depend on a DNA test because if your family does the damage, no tax deduction. What a segue!  Sounds a lot more interesting than discussing …

Don’t panic about 31st October

     Don’t Panic!     The radio stations will soon start threatening doom and gloom if you don’t lodge your tax return by 31st October, 2019!!! Tax agents are provided with a lodgement program so they can lodge tax returns for most of the year and retain quality staff.  It is not a matter of making …

PSI – Contractors Splitting Income

So You think You Are A Contractor and Can Split Income? The Three Stages of Being a Contractor: Qualifying for an ABN – You need to be an enterprise, more than just providing your labour. A ute may help if it is fundamental to your income producing activities but a station wagon or sedan won’t …

Allowances on PAYG Summaries

Allowances-on-PAYG-Summaries.jpg

  Help your employees give the ATO a raspberry to their new draconian bully tactics on reasonable allowances. This blog is both for employers and for employees who have read our article on travel allowances https://bantacs.com.au/Jblog/reasonable-allowance-concessions-effectively-abolished-by-the-ato/#more-159 If you are the latter make sure you give your employer a copy of this, so they can do …