Santo G Lazzaro in Perth, Western Australia | Financial service

Santo G Lazzaro

Locality: Perth, Western Australia

Phone: +61 8 9417 5373

Address: 16 Torenia Way Yangebup 6164 Perth, WA, Australia

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• Tax preparation service
• Accountant
• Financial service

14.01.2022 Tax Tip...... A list of expenses you usually can't claim on your tax return: - Travel between home and work - which is generally considered private travel.... - Car expenses - unless you are transporting bulky tools or equipment that your employer requires you to use, and you cannot leave them at work. - Car expenses - that have been salary sacrificed. - Meal expenses - unless you were required to work away from home overnight. - Private travel - including any personal travel portion of work-related travel. - Everyday clothes - you bought to wear to work (for example, a suit or black pants), even if your employer requires you to wear them. - The cost of laundering eligible work clothes - unless you can show how you calculated the cost. - Higher Education Loan Program - contributions charged through HELP scheme. - Self-education expenses - where there is no direct connection to your current employment. - Phone or internet expenses - that relate to private use. - Tools and equipment that cost more than $300 - however, you can depreciate the cost over a number of years. See more

13.01.2022 TAX TIP.... Information needed to complete your Tax Return. - Payment summaries (group certificates) - Details the income you have received from your employer, super fund or government payment like Centrelink or Department of Veterans Affairs.... - Bank Statements - Details any interest you have earned during the period - Shares, Unit Trusts or Managed Funds statements - Information on dividends or distributions you've received. Dividends that you've elected to reinvest must be declared as income. - Buy and sell investment statements - Needed to calculate capital gains and losses. If you bought or sold any shares you can access the details on your online broking account or you can get them from your investment adviser or stockbroker. - Rental Property - If you use a property manager, get an annual statement that details income and expenses. Otherwise you will need to gather details of income received and expenses paid. - Income from the sharing economy - Information and activities carried on from the operation of Uber, Airbnb etc. - Other Income - including compensation and insurance payments, discounted shares under employee share schemes, some prizes and awards in relation to your employment. - Foreign income - Details of foreign pensions or other foreign income. - Private Health Insurance statements - Information needed to complete your tax return. This year, Health insurers are no longer required to send you a statement unless your request it. CHANGES TO PAYMENT SUMMARIES This year you might not receive a payment summary from your employer. Many employers are now required to report their employees' pay, tax and super information directly to the Australian Taxation Office (ATO). Most employers have until 31st July to do this. Alternatively, you can access your payment summary (now called an income statement) through myGov. The ATO will send a message to your myGov inbox when it's ready.

11.01.2022 TAX TIP.... You are entitled to claim deductions for some expenses which are directly related to earning your income. A deduction reduces your taxable income, and means you pay less tax. Importantly, to claim a deduction for work-related expenses:... - You must have spent the money yourself and not been reimbursed - It must be directly related to earning your income. - You must have a record to prove you paid for it. Here is a list. Vehicle Travel Expenses: This does not normally include the cost of travel between work and home but, if you use your car for work or work in different locations, then you may be able to claim a deduction. Clothing, Laundry and Dry-Cleaning Expenses: To legitimately claim the cost of a uniform, it needs to be unique and distinctive, for example it contains your employer's logo, or is specific to your occupation, like chef's pants or coloured safety vests.

05.01.2022 TAX TIME CARDS Tax Time is here! Just letting you know that your yearly reminder card is in the mail.... Here is a sneak peak of what to expect.