Posted in Rent

Making Sure Your Deductions Don't Get Personal

Posted on 24 January 2024
Making Sure Your Deductions Don't Get Personal
Making Sure Your Deductions Don't Get Personal It can be easy to overlook your personal use of business assets when it comes to completing your business and self managed super fund tax returns but be warned, the ATO is taking an interest in this area. The ATO’s Small Business Random Enquiry Program found around 16 per cent of small businesses were either carelessly or deliberately overclaiming expenses in their tax returns. If business assets are used for a mix of business and pr...
Posted in:Rhodes DochertyTaxationFringe Benefits TaxFBTTax deductionAuditATOEmploymentBusinessCarWork from homeFinancial YearHome officeRent  
BOOK A

No Obligation Consultation Today

LATEST NEWS

KEEP UP TO DATE
Nov 20 2024
SMSFs - Keeping it in the Family Self managed super funds (SMSFs) can offer their memb...
Aug 29 2024
  Since the lockdowns of 2020-2021, the idea of working from home has become much...
Jun 27 2024
How to end the financial year on a high note   As the financial year draws to a ...
Suite 1.01, Level 1
828 Pacific Highway
Gordon NSW 2072
Locked Bag 1011
Gordon NSW 2072
Call Us: 02 9988 4033
Fax: (02) 9449 4229
Rhodes Docherty | Chartered Accountants Gordon Sydney North Shore