Monthly Archives: December 2019

Working And Studying Part-time: Can I Deduct My Course Fees?

Planning on going “back to school”? The costs can really add up, but the good news is that your course fees may be deductible if the course is sufficiently related to your current employment. Here, we explain when you can deduct your tuition fees for work-related education. What courses are eligible? The first step is […]

When Can I Access My Super Early?

Thinking about tapping into your super early to help with mounting expenses? Mortgage repayments, medical treatments and hard-to-meet living costs are all potentially valid reasons for early access to super – but the eligibility rules are strict. Find out what criteria apply so you can make an informed decision about your best course of action. […]

Claiming Work Trips For Business Owners

As a business owner you can deduct the cost of work trips you need to take for business. But what happens when you mix business with some hard-earned time for relaxation? Find out how major expenses like airfares and accommodation are treated when you take mixed-purpose business trips. Do you sometimes take work trips for […]

Salary Sacrificing Loopholes: Are You Receiving Your Full Benefits?

Salary sacrifice strategies are a great way to boost retirement savings. But unwelcome loopholes in the law mean some workers may be getting less than they bargained for. Fortunately, the government is taking action to fix this, but in the meantime salary-sacrificing workers should be across this issue to keep an eye on their arrangement […]

Closing The Tax Gap: ATO Focus on Individual Returns

The ATO will scrutinise every individual tax return lodged for the 2018-19 income year to find instances of incorrect claims. It is encouraging taxpayers to document supporting evidence for all claims as it seeks to recoup $8.7bn in lost tax revenue each year from small over-claims by a large proportion of taxpayers. Red flags which […]

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