Redundancy – Tax Pitfalls

Although payroll departments typically calculate redundancy and termination payments accurately, mistakes can occur. Unfortunately, these errors can sometimes be significant, with miscalculations exceeding thousands of dollars in some cases. As…

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Redundancy – Tax Facts

"According to the ATO, a bona fide redundancy payment is defined as compensation received by an employee under the age of 66 upon being dismissed from their job due to…

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ATO Hit List – Tax Facts

The ATO has provided a set of straightforward guidelines to ensure the accuracy of your claim for work-related expenses: • The expense must have been incurred during the year for…

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Uniform – Tax Pitfalls

When it comes to claiming work uniform expenses, taxpayers frequently make errors, such as: - Failing to retain receipts for uniform purchases and dry cleaning to support their claim -…

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Travel – Tax Pitfalls

The expenses incurred for the travel of your spouse and family during work-related trips are not deductible. If any expenses cannot be distinguished separately, they must be reasonably allocated between…

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