What is fuel tax credits

By Roger 23 October 2021BAS, Bookkeeping, Business, Cars, Company, construction, Expenses, Fuel tax credits, Motor vehicles, Record-Keeping, register, Tax Tips

What is fuel tax credits? Fuel tax credits provide your business with a credit for the fuel tax (excise or customs duty) included in the fuel price. If you claim…

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…

Basic Cryptocurrency Tax Implications

By Roger 25 July 2021Business, Assets, Bookkeeping, CGT, Cryptocurrencies, Cryptocurrency, Cryptocurrency tax, Record-Keeping

Do you have any cryptocurrencies? What should be reported when you sell? What about I am a day trader? Should I look at Cryptocurrency Tax Implications? Does the ATO know?…

The times you cannot claim GST credit

By Roger 2 February 2021Assets, BAS, Bookkeeping, Business, Can and Cannot, Company, GST, Record-Keeping

GST credits you cannot claim You can claim GST credits for most business purchases. However, some things are GST-free or that you can't claim for various reasons. If your suppliers…