There is alot of unsolicited advice getting thrown around on what can and cannot be claimed at tax time. Here we bust the common myths about work expense deductions and provide a guide to help you get it right.
There is an old saying that ‘if it looks like a duck, swims like a duck and quacks like a duck, then it probably is a duck’. The same concept should be applied when assessing the merits of a scheme or transaction where the objective is to avoid tax.
Take a look at company tax rates, imputation and small business deductions
Tips for claiming work-related expenses, and a reminder about recent superannuation changes