Things to think about before becoming an Uber driver

Ever thought of being an Uber driver? An easy way to make some spare cash, right? Maybe, but there are a few tax considerations to keep in mind before you jump into business: GST Generally, there’s no need to register for GST when your annual business turnover will be less than $75K. But there are […]

Can I claim the use of my car as a tax deduction?

This is one of our most commonly asked tax questions, and can have a significant impact on your tax refund. Claiming correctly for your particular circumstances is key to maximising your motor vehicle claim. I have to drive a long way from my home to work. Can I claim my car? Unfortunately, most people can’t […]

Buying a Motor Vehicle – Business or Private?

We are often asked the question by business clients who are purchasing a vehicle, “Should I buy it in the business name or in my personal name?” There is no standard answer. It depends on the cost of the car, its operating costs and its usage. Here are a few points to bear in mind […]

Beware the ATO is watching you

Over the last few years the Australian Tax Office has been steadily increasing the amount of data matching information they use to check if taxpayers are declaring all of their income and gains. The ATO source data from three sources: 1. Government Agencies 2. Tax Returns of Other Taxpayers 3. Businesses Government Agencies The ATO […]