1300 487 589

General Questions

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What Can I Claim

Salary expenses that you paid for, and were not reimbursed such as:

•    Tools & equipment, union fees, registrations or licences, subscriptions, short courses, seminars
•    Books, stationary, postage, paper, ink, office cleaning
•    Phone bill, internet, electricity for home office (if you have one)
•    Electronics including power boards, mouse, keyboard, chargers, usbs, microphone, headset, 
•    New phone, IPad, Laptop or phone accessories including screen protector, hands free kit, phone cover
•    PPE including sunscreen, RAT Tests, masks, sanitisers, safety boots, logo work uniform, or occupation specific clothing
•    Office furniture, donations, lap top bags, software, etc…. any out of pocket work related expenses
•    Motor Vehicle log book or km travelled for work (not to & from work)
 

Motor Vehicle 

https://www.taxinvestaccounting.com/general-8

Common rental property questions & deductions

Documents & Information required: You will need the property management statement (if you go through an agent). Address of the property & percentage of ownership. We will need to know the date started to rent, number of weeks rented for the year, how much income from rent was received?

We would also require a depreciation schedule if you have one for the property.

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Then rental deductions such as: 
•    advertising, body corp, cleaning, gardening,
•    interest on rental mortgage loan,  property agent fees, legal fees, borrowing costs
•    pest control, insurance, water bills, rates, repairs and maintenance, 
•    new assets for the rental (value & date purchased), plus any other rental costs.
 

                                  Common ABN deductions
If you have an ABN, we will need you income for the financial year plus any ABN expenses such as:
•    Accounting fees, bank charges, advertising
•    Cleaning, donations, legal fees
•    Postage, printing & stationary, home office expenses
•    Contractor payments, hire of equipment, rent, insurance
•    Materials & supplies, tools & equipment
•    PPE, subscriptions, licences, memberships
•    Travel & accommodation
•    Telephone, internet & electricity
•    Motor Vehicle log book (including all MV expenses; rego, insurance, fuel, R & M, tolls, parking, car wash, interest on MV loan, depreciation of the cost of the MV) ;  or km travelled for business up to 5000
 

How to get a MES
 

Why do I pay Div 293 tax
 

Why do I pay Medicare Levy Surcharge & what level of PHI insurance cover do I need to have to avoid this
 

Link to letter of intent for D12 claim
 

How does FBT work
 

Recommendation for financial advisors
 

Where do I get a tax depreciation schedule done