Brisbane Accountants and Tax Agents

/Brisbane Accountants and Tax Agents

About Brisbane Accountants and Tax Agents

This author has not yet filled in any details.
So far Brisbane Accountants and Tax Agents has created 17 blog entries.

Common Tax Mistakes – Rental Properties

Rental properties: Avoiding common mistakes The ATO has identified a number of common mistakes in the tax returns of rental property owners. To help you, ATO has compiled a list of what you should do and common mistakes to avoid including: Construction costs Initial repairs and capital improvements Interest expense Legal expenses Travel expenses Apportionment of rental expenses Deductible borrowing expenses Ownership interests Construction costs Certain types of construction costs, including extensions, alterations and structural improvements, can be claimed as capital works deductions. However, the purchase cost of the land on which a rental property is constructed cannot [...]

By |2017-07-27T17:32:20+10:00July 30th, 2013|Tax Tip|0 Comments

ATO PAYG withholding news

PAYG withholding tax tables For the 2013 – 14 income tax year, there are no changes to the income tax rates or thresholds. You can continue to use most tax tables. However, there have been changes to tax tables used for employees that: have a Higher Education Loan Program debt or Financial Supplement debt were paid back payments, commissions, bonuses and similar payments received an employment termination payment or return to work payment are seniors or pensioners. For copies of all tax tables current for 2013-14, refer to Tax tables Source: Australian Taxation Office If you are looking for [...]

By |2017-07-27T17:33:20+10:00July 5th, 2013|News|Comments Off on ATO PAYG withholding news