LATEST ACCOUNTING NEWS
State and Federal COVID-19 support --- January - 2022
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Our 2021 Advent Calendar.
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Superannuation changes - Superannuation guarantee (SG)
Unused Super Contributions
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ATO extends COVID-19 relief for SMSFs
Treasury consults on increase to charities financial reporting threshold
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Access to more resources and tools than most websites.
Tax Return Mistakes
SMSF advice appetite strong, says ASIC
Taxpayers confused by Scott Morrison’s $1,080 tax refund
Common STP set-up mistakes - ATO
Proposal to hold directors liable for GST set to pierce corporate veil
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Tax Commissioner wants to turn black economy to ‘lighter shade of grey’
Changes to the Private Health Insurance Statement
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Downsizer Super Contribution
Tax payers to receive beefed up tax returns.
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Catch-up Contributions
Life Insurance
Community tip-offs trigger ATO visits
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2019: Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
Small business clients need to be ready for STP by 30 September
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Alert - Online Share Accommodation
ATO flashes warning over $7.2bn car expenses claims
Vital statistics for our great nation.
3 out of 4 tax dob-ins are about business
Tax on compensation received for inappropriate advice
‘Extra care’ crucial in avoiding ATO spotlight this tax time
Tax Return Mistakes

Some taxpayers assume that lodging an annual tax return is easy.



       


 


Cheap talk at the pub, or at a party, or from a sales assistant at a computer store, can lead to costly errors.


Examples of items that you cannot automatically claim are:-


  • $300 for work-related expenses
  • $150 for laundry
  • 5,000 kilometres for cars
  • credit card statements as evidence
  • home to work travel
  • plain clothes for work
  • grooming
  • holidays connected to a conference
  • gym memberships
  • pay TV subscriptions

We spend a great deal of effort to remain up to date and aware of all rules, but also alert to opportunities as the rules become more complex every day.


By all means, ask about these expenses if you think they may be relevant and you pay them.


 


 


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26th-September-2019
 
CPA logo Peter I Price & Associates Pty Ltd
Phone: (07) 3376 3411 |Fax: (07) 3376 8904 | Email: info@peterprice.com.au
15 Loffs Road, Mt Ommaney QLD 4074
Liability limited by a scheme approved under Professional Standards Legislation and other than for the acts or omissions of financial services licenses.