Tax record keeping
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
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…
Run my business from home – CGT implications and Record-Keeping
What record do you need to keep when running a business from home? What if I sell my property? What's the CGT implications? Records you need to keep You need…
Occupancy expenses – Running Business from Home
What are Occupancy expenses? Occupancy expenses are the expenses that you pay to own or rent your home. For example: - mortgage interest or rent - council rates - land…