Cash income from gig economy sites? Are you declaring it? Have you ever considered joining a site like Airtasker to make some extra cash?
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Cash income from gig economy sites? Are you declaring it? Have you ever considered joining a site like Airtasker to make some extra cash?
Read more: Cash income from gig economy sites? Are you declaring it?
Work-related car expenses that employees can claim. If you have special car travel needs for work, like driving between two jobs or different worksites, or carrying bulky equipment you may be able to claim deductions for some of your car expenses
Read more: Work-related car expenses that employees can claim
Common CGT obstacles homeowners meed to be aware of. Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and contain many traps.
Read more: Common CGT obstacles homeowners need to be aware of
Does listing my home on Airbnb affect my tax return? Australia’s growing “sharing” economy provides many opportunities to make extra income.
Read more: Does listing my home on Airbnb affect my tax return?
Superannuation contributions, this will help you catch up. The government’s new measure to allow those with less than $500,000 in superannuation to “catch up” on missed superannuation contributions is a great opportunity for anyone who takes time out of work or otherwise has “lumpy” income that means they have a varying capacity to make contributions from year to year.
Personal Tax, Super and Financial Planning
Read more: Superannuation contributions, this will help you catch up
Downsizer superannuation contribution, will it work for you? The government’s new opportunity for “downsizing” Australians to contribute some of the sale proceeds from their home into superannuation may appear to be a very attractive strategy for many individuals who wish to use equity in their home to boost their retirement savings.
Personal Tax, Super and Financial Planning
Read more: Downsizer superannuation contribution, will it work for you?
Working at home, what deductions can employees claim? More people are working from home than ever before. Employees who work from home may be able to deduct some of the expenses they incur in running a home office or for phone and internet usage.
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New work test exemption for recent retirees from 1 July. The government has created a new opportunity for some recent retirees to make additional superannuation contributions.
Personal Tax, Super and Financial Planning
Read more: New work test exemption for recent retirees from 1 July
Excess super contributions determination, know your options. The ATO has begun issuing determinations to individuals who exceeded their concessional super contributions cap for the 2017-18 financial year.
Personal Tax, Super and Financial Planning
Read more: Excess super contributions determination, know your options
Posted in Personal Tax.
Tax consequences of receiving compensation for dodgy advice. With the big financial institutions rushing to compensate their customers as a result of the media exposure from the Royal Commission, now is the time to look at the tax consequences of such payments.
Read more: Tax consequences of receiving compensation for dodgy advice