BeWise Accounting in Wollongong, New South Wales | Accountant

BeWise Accounting

Locality: Wollongong, New South Wales

Phone: +61 2 4225 0816

Address: 32 Market Street 2500 Wollongong, NSW, Australia

Website: http://bewise.com.au

Likes: 113

Add/Update information

Reviews

Tags

• Tax preparation service
• Accountant
• Financial service

22.01.2022 12 Days of Tax Tips... Tip 10: For 2018 tax returns, the ATO will pay close attention to work-related expense claims that do no require written evidence. E.g., standards claims of $300 for work-related expenses, $150 for laundry expenses, 5000kms of work-related travel. Remember, you still need to have actually incurred the expense and be able to demonstrate this if asked by the ATO.

22.01.2022 12 Days of Tax Tips... Tip 12: When making a donation of $2 or more into a bucket for an approved organisation for bushfire or flood victims, you can claim a deduction equal to your contribution without a receipt, up to the value of $10. You cant claim "donations" where you receive items like raffle/art union tickets, chocolates, pens or toys.

22.01.2022 12 Days of Tax Tips... Tip 6: When making claims for work related expenses, you must have written evidence to prove your claims if the total claims exceed $300. (Note - different evidence rules apply to claims for car expenses and meal allowances)

20.01.2022 12 Days of Tax Tips... Tip 9: You can claim depreciation on an asset purchased for your rental property during the 2018 financial year if the asset is new (not second-hand). This also includes assets that were installed in a "new residential premises purchased from a builder or developer.

20.01.2022 12 Days of Tax Tips... Tip 5: If you use your own phones or internet for work purposes, you may be able to claim the cost as a deduction. If these are used for both work and private use, you can only claim the percentage of the cost that reasonably relates to your work use. Dont forget to keep records to support your claim.

19.01.2022 In the lead up to the new financial year, we give you... 12 days of tax tips. Tip 1. For 2018 tax returns, the ATO will be closely monitoring work-related expense claims, (e.g., travel, self-education and clothing) using data matching to identify incorrect or unusually high claims. Dont risk an audit. Have your returns prepared by a registered tax agent.

11.01.2022 12 Days of Tax Tips... Tip 3: When you travel overnight for work, such as attending an interstate conference, you may be able to claim the cost of your meals, accommodation and other incidental costs (generally you cant claim the cost of meals if you didnt stay overnight).

09.01.2022 12 Days of Tax Tips... Tip 11: For small businesses, you can claim a tax deduction for super payments you make for employees in the financial year you make them. If you pay the super contributions for the April-June quarter in July, you can claim a deduction for those contributions in the next financial year.

09.01.2022 12 Days of Tax Tips... Tip 4: The small business $20,000 immediate write-off has been extended until 30 June 2019, allowing small businesses to immediately deduct purchases of eligible assets costing less than $20,000 first used or ready for use by 30 June 2019.

09.01.2022 Please be advised, for the safety of our staff and our valued clients, we will be limiting face to face appointments until social distancing measures are lifted. We are doing our best to maintain business "as normal" and will be working hard to provide advice and assistance as required. During this time, we can arrange phone or skype/zoom meetings instead of meeting in person. Of course, you can always get in touch via email ([email protected]), phone (02 4225 0816) or post ...(PO Box 604, Wollongong NSW 2520). Stay safe, healthy and happy.

08.01.2022 12 Days of Tax Tips... Tip 8: From 1 July 2017, individuals may be able to claim a deduction for personal super contributions (generally unrestricted for taxpayers aged 18-64). However, be mindful of the $25,000 concessional contribution cap - check with your accountant or financial adviser.

06.01.2022 Do you deal with tax agents, BAS agents or tax financial advisers? The Tax Practitioners Board is reminding all small business owners to check their tax practitioner is registered. Find out more: http://bit.ly/2mrkPaz

05.01.2022 Stay connected, be prepared. Tax Time 2018 is upon us. Are you ready?

05.01.2022 https://www.accountantsdaily.com.au//10714-ato-signals-cra

04.01.2022 12 Days of Tax Tips... Tip 7: To claim a deduction for a work-related expense; you must have spent the money yourself (not have it reimbursed), the expense must be directly related to earning your income and you must have a record to prove it (subject to substantiation rules).

03.01.2022 12 Days of Tax Tips... Tip 2. From 1 July 2017 (i.e. 2018 tax return) travel expenses relating to a residential investment property are not deductible for individual taxpayers.

02.01.2022 Tax Time 2018 is fast approaching! The ATO will start full processing of 2017-18 tax returns on 6th July 2018 and expect to start paying refunds from 17 July 2018. Visit our website to make a booking for your 2018 tax returns.... www.bewise.com.au See more