Travel – Tax Tips

To claim travel expenses, it is mandatory to maintain a travel diary if the work-related trip extends beyond five days and is either interstate or overseas. The diary should provide…

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Uniform – Tax Facts

According to the ATO, the items listed below meet the criteria for protective clothing: - Clothing that is resistant to fire and offers protection against the sun - Vests of…

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Family Trust – Tax Pitfalls

The Australian Taxation Office (ATO) disapproves of trustees who allocate net income to specific tax-advantaged beneficiaries only on paper, without actually receiving any payments from the trust. https://youtu.be/jS-AcxlYqsU

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Family Trust – Tax Facts

Trusts offer several advantages for managing your wealth, which include: Protection of Assets: In certain situations, family assets can be shielded from creditors and other potential threats in the event…

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Family Trust – Tax Tips

Concerned about safeguarding your valuable assets from potential misuse? Establishing a trust offers security and control over your wealth, ensuring it's managed according to your wishes. With a trust, you…

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Death- Tax Tips

When someone passes away, both ordinary losses and capital losses come to an end. Theses losses cannot be transferred to the deceased estate. However, there is a valuable strategy to consider. It is advisable to utilise these capital…

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