The last day to lodge a tax return to the ATO if it is not being completed by a registered tax agent or with an extended deadline is the 31st of October. Someone else can assist you with completing your tax return, but only in the following circumstances: A family member or friend can help…
Regardless of whether or not the owner is a company or an employee, a car purchased for business use can provide tax benefits to the owner. However, there are also tax implications that can impact these supposed benefits. Certain advantages and disadvantages to purchasing a car for a business may not necessarily apply to your…
Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a fairly basic level, or they can be much more in-depth and analytical. In most cases, a review will lead to an audit, but this isn’t always necessary. A review may…
You may have heard a lot of buzz in the news regarding electric cars. What was once a car for the elite is now a far more common sight on the streets. Electric cars are becoming hot commodities, with one-third of electric vehicle sales in Australia occurring within New South Wales alone. There have been…
