If you’re planning to make an appointment to complete your tax return, we’ve made a general checklist of things to start gathering.
By the way, you might also be able to claim some or all of the costs for travelling to see us – either in Sydney or at our Queensland office (which just happens to be at a beautiful holiday beach location) — we explain how.
The ATO is scrutinising incorrect deductions that many taxpayers try to claim for holiday rental properties, so we take a look at the issues that have been grinding the taxman’s gears.
Mobile, home phone and internet costs may be claimed under some circumstances, so we run over the substantiation that the ATO will accept to successfully make these deductions.
We also present an overview of streaming trust capital gains and franked distributions.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.