02 4969 4699
02 4969 4699
The Garis Group Logo
Businesses Immediate Deductions Extended

Immediate Deductions Extended

Emma Zajac
, , , ,
Temporary full expensing enables your business to fully expense the cost of the below listed, in the first year if use:   new depreciable assets improvements to existing eligible assets, and second hand assets Introduced in the 2020-21 Budget and now extended until 30 June 2023, this measure enables an asset’s cost to be fully…
ATO to set its sights on ‘copy-paste’ expense claims

ATO Set’s It’s Sights on ‘Copy-Paste’ Expense Claims

Emma Zajac
, , , , , , ,
The Tax Office has issued a warning to taxpayers who opt for “copy-pasting” work-related expense claims, like those accrued for travelling between work sites, or laundering uniforms, while they have been working from home. The ATO on Thursday warned taxpayers that it will set its sights on ineligible work-related expense claims come tax time, issuing…

Rental properties – claiming travel expenses deductions

Emma Zajac
, , , , , , ,
From 1 July 2017, travel expenses relating to a residential investment property are not deductible. A residential premise (property) is land or a building that is: occupied as a residence or for residential accommodation intended to be occupied, and is capable of being occupied, as a residence or for residential accommodation. Under the new legislation, you…
Menu
Call Now 02 4969 4699