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The Australian Taxation Office (ATO) has set up a temporary ‘shortcut method’ to claim work from home deductions this year. Here’s how to use it to when you do your 2021 tax return. The shortcut method was introduced last year in response to the rapid rise of people working from home. ATO says shortcut method is… Read more »
Millions of Australians are missing out on legitimate tax deductions every year. To maximise your tax return you need to research exactly what you can and can’t claim for your specific income streams. Getting savvy about what you can claim on your tax return means you’ll receive back the full amount you’re entitled to. It’s… Read more »
BMT Tax Depreciation, Australia’s leading provider of depreciation schedules, says investment property owners are making three costly mistakes on their tax returns when it comes to depreciation. Check whether you’re making these common tax mistakes by investment property owners. Property investors can claim sizable tax deductions for the natural wear and tear that occurs to… Read more »
