Political Donation Tax Deduction

By Roger 20 November 2021Political Donation, Bookkeeping, Business, Deductions, Expenses, Properties, Tax Tips

Political Donation and Tax Deduction Is Political Donation Tax Deduction available? do not assume the answer is yes. What is a political donation A political donation is a gift made…

The right way to claim a tax loss

By Roger 12 October 2021Business, Can and Cannot, Company, Deductions, Expenses, income, Loss, Record-Keeping, Tax Loss, Tax Tips

Generally, you make a tax loss when your business expenses are more than your income. If you make a tax loss, you may be able to: claim it in the…

Tax record keeping

By Roger 11 January 2021Bookkeeping, Deductions, Expenses, Individual, Record-Keeping, Tax Tips

Tax record keeping: One of the common question taxpayer asked is what record I should keep? How long should I keep them? Australia's tax system is based on self-assessment. This…

Motor vehicle expenses for Business owner

By Roger 26 December 2020Business, 2020 Tax Tips, Assets, business structure, Cars, Company, Deductions, Depreciation, Expenses, Record-Keeping, Tax Tips

Motor vehicle expenses Every business owner would ask: Can I claim my petrol? Or repairs of my car? This information will help you when claiming a deduction for motor vehicle…