Claiming a tax deduction for expenses for a home-based business
If you operate some or all of your business from your home, you may be able to claiming a tax deductions for home-based business expenses in these categories:
occupancy expenses (such as mortgage interest or rent, council rates, land taxes, house insurance premiums)
running…
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Tax office dirty tricks revealed
If you are in litigation with the ATO, expect them to use dirty tricks on you.
Below is a list of the dirty tricks that I have personally seen used on my clients:
Muddying the issue – when you appeal the ATO will sometimes “defend” a claim you did not…
The ATO’s booby trap exposed
The ATO runs a record keeping hustle which you are already on the wrong side of. However, if you know about it you can, at least, not be surprised when it happens. A bit like knowing that you will probably get your pocket picked in Rome. It might happen…
The ATO tax litigation process
After you’ve been through the hell of an audit and the ups and downs of an objection the last remaining ground of appeal is to the Courts.
The ATO tax litigation process-there are two options – the Administrative Appeals Tribunal and the Federal Court.
The Administrative Appeals Tribunal is a non-cost…
What is GDPR and do I need to care about it?
The European Union has introduced a General Data Protection Regulation (the GDPR). It is the EU equivalent of the Privacy Act and the Australian Privacy Principles.
The GDPR came into force on 25 May 2018.
The GDPR is about privacy and data protection. It is about the “personal data” of…
GST and online shopping: demystifying the matrix
It used to be that if you bought something online from an overseas retailer and it had a value of less than $1,000, you wouldn’t have to pay GST.
Naturally Australian retailers were upset by this because if they sold the same product online it would incur GST. …
Online shopping in Australia is about to become more expensive
The Australian government has announced that from July 1, 2018, clothing, electronics and furniture (and other online shopping) purchased from overseas retailers with a value of under AU$1,000 will also incur a 10 per cent GST.
Up until now goods bought online in Australia…
Procedural fairness and natural justice: what the ATO does not want you to know
For most people, unfortunately, an audit by the ATO can turn into a life or death battle for your business. This can be due to any number of factors but usually will be due to time constraints on the part…
5 tips for successfully objecting against ATO decisions
You’re probably at this page because you’ve felt your heart sink after the friendly ATO auditor just sent you a massive tax bill based on something nebulous.
This is how ATO decisions are usually made: The ATO usually forms a theory and works backwards from it. You…
The LAW on buying property with your friends using a trust
You’re probably at this article because you’re looking at the property market, seeing the potential, but realising you’re not going to be able to do it on your own.
You might be thinking of setting up a trust with a few others to buying…