Changes to the Age Pension rules – will you be affected? From 1 January 2017 Government changes to the Age Pension are likely to reduce pensioner entitlements. It’s important that you understand how the changes could affect you. Increase in the Assets Test threshold The Assets Test threshold is the amount of assets pensioners can [...]
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 [...]
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 [...]
