Work Related Expenses - What You Need to Know The ATO are paying attention to people who are over-claiming work related expenses. If you can satisfy these three rules then the expense is claimable: You must have spent the money [...]
Housing Affordability Tax Measures Recently, legislation has been introduced to Parliament for a number of housing affordability tax measures. One measure is the First Home Super Saver Scheme (FHSSS) which will encourage first homebuyers to ‘build a deposit inside their [...]
Is A Contractor Really An Employee? There are so many myths about when is a contractor really an employee? Not understanding the differences could leave you in a lot of trouble with the ATO. Here's a short video explaining more. [...]
Why Teaching Kids Financial Skills Is Important We recently came across the following information on the moneysmart website and we thought it was worth sharing with anyone raising children and wanting to teach them some financial skills. If kids develop [...]
Changes to the Age Pension rules – will you be affected? From 1 January 2017 Government changes to the Age Pension are likely to reduce pensioner entitlements. It’s important that you understand how the changes could affect you. Increase in [...]
Tax time is prime time for scams Yet again, the ATO is warning tax payers against fraudsters attempting to scam them by posing as ATO representatives. In 2015 almost 87,000 phone and email scams were reported to the ATO, an [...]
Another Timely Warning Against Identity Theft The ATO is reminding Australians to protect themselves against identify theft this tax time. Assistant Commissioner Graham Whyte said identity theft was more common during tax time because of the large number of people [...]
ATO Targets Dodgy Tax Deductions With over eight million Australians claiming work-related expenses each year, Assistant Commissioner Graham Whyte from the ATO is reminding people to make sure they get their deductions right this tax time. “Australians claim over $21 [...]
Will the Tax Office Catch you in Its Snare? Our friends at the Tax Office are getting smarter as they strive to increase the tax take for a Government battling to reduce its deficits. Now, let’s be clear; we want [...]
CASH FLOW - 5 tips for budgeting By Rob Dugdale - our MAS Financial Planning Expert If there’s one word that is able to strike fear into some clients, it’s the ‘B’ word – budget. It doesn’t matter what stage in [...]
