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Shopping for a “luxury” car?

Beware of the luxury car tax You can judge whether a car is luxury or not, according to the government, if it costs more than $64, 132 for 2016-17. It’s not an over-the-top price tag if you’re considering true luxury, but it’s enough to cop an extra tax. What you…

Home office deductions:

What substantiation will the ATO accept?Home office expense claims are subject to the same general substantiation requirements as other deductions – that is, it is a requirement that records should be kept for at least five years.But in practice, full compliance with the substantiation rules may be difficult. It may…

Audit Insurance

Please be mindful that originally we assisted a number of clients to initiate Audit Insurance.  It is up to you, thereafter, to ensure that annually, you are undertaking the relevant Audit Insurance.As we are not actively involved in same, other than initiating the first instance, we are urging you to…

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