Crowdfunding - is it worth it? We’ve all seen the success stories of an innovator with a great idea who, supported by crowdfunding, was able to launch a successful and high growth business. But what happens to the money? There are several types of crowdfunding: Donation based - funding a cause without the fundraiser providing [...]
Another Timely Warning Against Identity Theft The ATO is reminding Australians to protect themselves against identify theft this tax time. Assistant Commissioner Graham Whyte said identity theft was more common during tax time because of the large number of people lodging tax returns. “With the amount of personal information being exchanged at tax time, it [...]
ATO Targets Dodgy Tax Deductions With over eight million Australians claiming work-related expenses each year, Assistant Commissioner Graham Whyte from the ATO is reminding people to make sure they get their deductions right this tax time. “Australians claim over $21 billion in work-related expenses each year, and we want to support taxpayers to claim what [...]
The Handbag vs Briefcase tax deduction debate If a man can claim a briefcase as a tax deduction why can’t women claim their handbags? After all, men often have a lot of personal items in their briefcases and working women are just as likely to carry their ipads, documents, and other work related items in [...]
