To claim a deduction for a work-related expense, as per ATO, you must meet the 3 golden rules: 1. You must have spent the money yourself and weren’t reimbursed. 2. The expenses must directly relate to earning your income. 3. You must have a record to prove it (usually a receipt). source: https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/ You can...
HOC helps you to reduce the stress of personal tax obligations by making your tax return work in your advantage. Everyone who lives and works in Australia is required to file their tax return, but it can be difficult and risky if you don’t know the laws and regulations. If something is missed, you could...
Key points Share markets have fallen sharply in recent weeks continuing the plunge that started early this year due to worries about inflation, monetary tightening, recession and geopolitical issues including the invasion of Ukraine.It’s still too early to say markets have bottomed.This will weigh on super returns for this financial year.Selling shares after a fall...