Super Changes – As the new financial year approaches, there are changes to who is eligible for super and how much you need to pay. From 1 July 2022, employees can be eligible for super guarantee (SG), regardless of how much they earn. This is because the $450 per month eligibility threshold for when SG is […]
Key compliance risks for large corporate groups Given the complexity of corporate business structures and the law there will always be a non-compliance risk in the large corporate groups population. In the majority of cases this will be the result of a difference in the interpretation of the law or an error in applying it […]
Clothing, laundry and dry-cleaning expenses You can claim a deduction for the cost of buying and cleaning occupation-specific clothing, protective clothing and unique, distinctive uniforms. To claim a deduction you may need to have written evidence that you purchased the clothing and diary records or written evidence of your cleaning costs. Written evidence must be […]
Are you a fly in and fly out (FIFO) worker?Unfortunately the ATO have deemed the cost of travelling between your home and your FIFO work site as a private expenses, therefore generally speaking travel to and from the airport, airfares, etc. cannot be claimed as a tax deduction.There are plenty of special rules and deductions […]
Each tax time, there are always a few tax myths floating around. One of the most common? That everyone can automatically claim work-related expenses up to a certain value. Read on as we set the record straight… 💬 Myth: Everyone can claim $300 for work-related expenses, including $150 for work clothes or laundry, and 5,000km […]
This is a relevant read for business/home owners. Any further questions give the GWa Team a call!!Whether you run an online store, plumbing business, or photography studio, if your business is based at home you may be able to claim the business portion of some associated expenses. What you can claim depends on your business […]
Tax on Australian Income for Non Residents To understand your tax situation, you first need to work out if you are an Australian or foreign resident for tax purposes. Did you know you can be an Australian resident for tax purposes without being an Australian citizen or permanent resident; and May have a visa to […]
