Lunch Time Meals: A Non-Deductible Expense With the very odd exception the answer is NO, you can't claim your meals as a tax deduction. Read on for more... Why Can’t We Claim Lunch Time Meals on our Tax? According to the TaxOffice (ATO), the cost of food and drink is considered a private expense and is generally not deductible. The argument generally goes like this... as a ..read more

What Can I Claim on Tax as a Motor Mechanic? For your tax return, be aware that work-related expenses are tax deductible. This means that if you’ve spent money to earn your income, you can claim it back as a tax deduction. This is particularly relevant for motor mechanics, who often incur various expenses in their line of work. Here are the most common tax deductions available ..read more

Top Tax Tips for your etax Return With Tax Time looming, it's time to start preparing as much as you can so that you're ready to lodge in July. Follow these simple tips below to help you out this tax time! Tax Tip #1 Register with Gotax Online We areregistered Tax Agents with the Tax Practitioners Board. If you don’t have any outstanding tax returns or outstanding ..read more

Are you Thinking of Starting a Business? We have a secret that Accountants and bookkeepers don't want you to know..... "it's not that hard!" If you're thinking of starting a business or have an existing small business and you're struggling with overpriced software then let me tell you our little secret. eCashbooksprovide thehome-basedbusiness, thetradie, or any m ..read more

Tax Deductions for Travel Between Home and Work The general rule is that travel expenses between your home and your regular place of work are considered private expenses and are not deductible. The main reason is that for an expense to be tax deductible it must be iincurred in earning your income. You don't begin to earn income until you get to the front door of your place of work. Th ..read more

We question the actual benefits of claiming the 80 cents per hour to cover all your home expenses during your Corona work from homestay. So, we’ll go through your options to maximise your tax refund potential. OPTION #1 – ATO Coronavirus Shortcut method The shortcut method can only be claimed from 1 March 2020 to 30 June 2020. You must have a diary, logbook, or timeshee ..read more

Find out the ATO Rates for 23/24 for Meals and Travel The information below sets outthe reasonable amounts for the substantiation exception for the 2023–24 income year in relation to claims made by employees for overtime meal expenses, domestic travel expenses, and overseas travel expenses. That means these are allowances that can be claimed without receipt documentation (other diar ..read more

Top 5 TAX Mistakes Have you ever wondered whether you're claiming the right tax deductions? Well, we go over 5 of the top tax mistakes the average person makes on their tax return. 1.Claiming your uniform when it’s not a uniform If you have to wear normal clothes or a nice suit to work because your employer wants you to look professional and tidy, it doesn’t mean you can c ..read more

These are the Top 5 Tax Return Mistakes Not declaring all your income. One of the most common mistakes is forgetting to include your income. Things such as rental income, dividends, interest, or capital gains can be easily left out. Especially AirBNB where you may rent out a room or income from Social Media sites and other income generating sites. Be aware that most income sources are now re ..read more

How to get a bigger tax refund. Part2 In our previous blog, we spoke about some great tax deductionstohelpyou boost your refund, we will continue listing down some awesome tax deductions to maximise your refund below: Travel Expenses If you have to travel for work and spend any money on the costs of travel and/or accommodation, you can claim these as tax deductions – make sure yo ..read more