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Rental Properties & Tax Deductions

The Tax Office has found that there are some landlords who may not be entirely sure about whether they are correctly claiming their rental property deductions. In particular, it has found that many property investors are making simple mistakes that could be avoided with a little guidance. The Tax Office…
Sharing Economy

Taxing the “sharing economy”

sharing economy Have you ever let a room on the popular accommodation site Airbnb? Ever shared a ride with pseudo taxi service Uber? If you participate in what’s now called the sharing economy, you may have some tax to pay. The Tax Office says the sharing economy is a new…

The tax deductible cuppa

Did you know that providing morning and afternoon teas or light refreshments to employees (or their “associates”) at the employer’s business premises or worksite is tax-deductible to the employer? The same applies if the business provides such refreshments to visitors. The Australian Taxation Office has ruled that this is not…

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