Free tools to help you navigate the complex laws and technical scenarios taxpayers face everyday.

Checklist of business deductions

This non-exhaustive checklist of business deductions is designed to provide an easy reference guide to the types of deductions that might be claimed by businesses. This checklist should be read in conjunction with a similar checklist for employees that was published last week (read it here). Note that these deductions may not necessarily be available,

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Taken goods for private use? Here’s the latest values

Taken goods for private use? Here’s the latest values. The ATO knows that many business owners naturally help themselves to their trading stock and use it for their own purposes. Taken goods for private use? Here’s the latest values This common practice can occur in businesses such as butchers, bakers, corner stores, cafes and more.

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Investment forms, explanations, guidance

Use the links provided to find out more about investing, and find out more about the Tax Office’s investor’s tax planning tips. Property Tax advice website for investors  The Tax Office’s tax planning website, designed to help investors and tax agents make informed investment decisions. Features a checklist of what to look for before putting

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Guide to finding an accountant or tax agent

Many Australians have moved to lodging their own tax returns. Recent data from the Australian Taxation Office shows that almost 30% of individual taxpayers are lodging their own tax returns online. This still leaves a large proportion of Australians who use an accountant of some description to assist them in determining the tax they owe

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