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…

0 Comments

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 -…

0 Comments

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…

0 Comments

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

0 Comments

Marriage – Tax Pitfalls

When determining eligibility for benefits from the Family Assistance Office such as childcare rebates and family tax benefits, the total income of married couples is taken into consideration. Additionally, if the couple earns a combined…

0 Comments