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Tax Arana Blog
Keep up to date with the latest information released from the ATO and other industry bodies via our blog. We aim to sift through the ‘tech speak’, and give you simple “to-dos” (and not “to-dos”) to keep on top of your tax preparation.
Our Ferny Grove Tax Arana pop-up office has opened to help locals get on top of their tax, while they shop! There’s a full complement of tax and accounting services for Ferny Grove residents.
The ACCC has created a pocket-sized guide so you can spot, avoid, and protect yourself against scams. Whether it’s romance or money, this guide will help you stay safe!
Tax Arana has put together a list of what you can do TODAY to maximise your income tax return. So what can you do? Read Tax Arana’s tips to maximise your income tax return.
Tax scams are fast evolving and these scammers are becoming more difficult to identity. A lot of them are overseas callers masquerading under an Australian phone number.
If you currently own a granny flat, or are looking at building one, the Government is going to undertake a review of the Capital Gains Tax (CGT) treatment of granny flat arrangements.
New HELP repayment rates and thresholds have been set for from 1 July 2019 to improve sustainability and the debt recovery of the Student Financial Supplement Scheme.
Tax Arana has its finger on the pulse when it comes to changes to tax, and knowing the latest rules can mean the difference between a big tax return, and you owing the ATO a sum of money.
This is the time of year that the Australian Tax Office let us know which sectors the auditing spotlight will be on. These tend to be sectors with lots of ‘cash’ only transactions.
Individuals + small businesses are being scrutinised by the ATO. With the end of the financial year approaching quickly, your attention (should) be on preparing your accounts!
Small businesses can immediately deduct the business portion of most assets if they cost less than $20,000, if they were purchased between 7:30PM on 12 May 2015 and 30 June 2018.
Organisations that are entitled to receive tax deductible gifts are called ‘deductible gift recipients’ (DGRs). You can only claim a tax deduction for gifts or donations to organisations that have a DGR.
Vehicle and travel expenses; what can you claim? If driving to and from work is not considered work travel; so what is? Travelling between two separate work places is deductible.
Do you share a service that sometimes makes you a little bit of cash ‘on the side’? Maybe dog walking, graphic designing or even renting our a spare room for extra cash?
There has been a 20% increase in clothing and laundry claims in the past 5 years, and now, the ATO is watching. There are three golden rules to abide by when claiming clothing expenses.
New year’s resolutions are often talked about at Christmas dinners, parties and new years’ day BBQs (and usually laughed at around Easter time); but what about financial new years resolutions?
Do you know what you are entitled to claim, and what you are NOT entitled to claim as a rental property expense? The ATO has recently released a publication to help!
Tax + Super Australia has recently released a list of the most common errors made, and how to avoid them. Come and take a look so your next tax return is pain free and quick.
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