The Commissioner has set out amounts considered to be reasonable in relation to travel and meal claims made by employees for the 2019/20 income year, both domestically and internationally.
Prime Minister Scott Morrison announced personal tax cut measures in this year’s 2019-20 Federal Budget. In true Oprah style, the cash is getting splashed out to low and middle income earners effective immediately.
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.
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