The ATO advises that this year (2011-12 – Last updated 10 June 2011) it will be paying close attention to claims from people employed in the following occupations: earthmoving plant operators flight attendants carpenters and joiners, including apprentices and trainees, and real estate employees The most common mistakes made by people in these occupations include:…
Deduct Investment Property Expenses Do you have an investment property? There are plenty of forms and other documents you need to get together ahead of June 30, and you don’t want to miss out on any of them and risk paying some extra tax. Bank statements, receipts, income summaries, depreciation schedules, valuation reports and an…
The Australian Tax Office (ATO) has expanded their efforts to combat the “Cash Economy”. The “Cash Economy” refers to business transactions settled in cash and then not recorded as either income or expenditure. We feel that a number of small business owners will be struggling to understand that at a time of adverse economic conditions, when business owners…