If you’ve ever wondered which, if any, penalties, fines or interest could be tax deductible, here’s the latest on this topic. Outlined below are the general rules applying to business owners, employees, investors and retirees. Penalties or fines imposed as … Read More
The ATO have confirmed that even when a vehicle is only registered in their spouses name a taxpayer is still considered to be the joint owner or lessee of the motor vehicle and eligible to claim expenses. This means where … Read More
Some employees need to transport heavy or bulky equipment to and from their work place each day to perform their job. This is often the case with engineers, plumbers, electricians, builders, mechanics, defence force members, musicians and medical practitioners, etc. … Read More