Updating motor vehicle expense claims

Assistant Treasurer Josh Frydenberg has flagged changes to motor vehicle tax deduction claims: the 12 per cent of original value and one-third of actual expenses incurred calculation methods are to be discontinued, and the cents-per km rate is to be set at a flat average rate of 66 cents per kilometre, regardless of vehicle engine … Read more

A List of Checklists

In the period running up to June 30 there are tax return and other types of tax checklists appearing on various websites. When we come across a useful free checklist we link to it here. Suggestions for additions to the list are welcome, with attribution. See [su_button url=”/checklists/” target=”blank” style=”3d” background=”#8B0000″ size=”5″ icon=”icon: arrow-right”]Checklists[/su_button]  

End Of Year Tax Planning

It’s coming towards the close of another financial year. This year is perhaps a little different to the last, because the next tax year (2014-15) has some personal income tax rate changes coming into effect. From 1 July 2014 the Medicare Levy goes up, and (subject to passage through parliament) the recently announced Budget Repair Levy kicks … Read more