Taxation Business Consultants Capalaba in Capalaba, Queensland | Business consultant

Taxation Business Consultants Capalaba

Locality: Capalaba, Queensland

Phone: +61 7 3245 1466

Address: 2/76 Old Cleveland Rd 4157 Capalaba, QLD, Australia

Website: https://tbctax.com.au

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• Tax preparation service
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24.01.2022 Happy new financial year! We look forward to seeing new and existing clients in the coming months for help in lodging your tax return. Linked below is a fantastic publication form the ATO which details exactly which records are necessary for you to keep when claiming work-related expenses in your tax return.... Click the link and view the 'poster format version' for an easy and foolproof guide to work-related deductions, and thank us later

21.01.2022 Tax tip: Whether you rent out part of your home or an entire property, make sure that all of your income is included in your tax return. Rental-related income includes: rent payments booking fees you receive rental bond money you’re entitled to retain... some insurance payouts Find out more at ato.gov.au/rentalincome See more

19.01.2022 Have you lodged your 2019 ITR yet ? Call us and make an appointment soon. Taxation and Business Consultants are waiting for your call 3245 1466

13.01.2022 ATO Impersonation Scam Update From the Editor of NTAA Newsletter: Unbelievably, scammers are still successfully bilking Australians out of tens of thousands of dollars, as a recent ATO scam report shows: According to the July 2019 ATO Impersonation scam report: 6,179 online scam reports were received in the first month of their new online reporting form going live:... 6,645 phone scam reports were officially recorded and 465 phishing scam emails were reported to [email protected]; 520 taxpayers provided scammers with their personal identifying information including date of birth, tax file number, drivers’ license number and notice of assessment details; and $197,057 was reported as being paid to scammers, mostly by iTunes and Google Play. See more

13.01.2022 Happy Monday! A new blog post is live on our website! This one is about the new low and middle income tax offsets that have been circulating the news and internet in recent weeks.

11.01.2022 Employers: Are you planning Christmas festivities to reward your staff this year? Before you throw a party that will have them talking all year, it’s worth considering the fringe benefits tax (FBT) implications. Your FBT obligations will depend on: The amount you spend on each employee for the party When and where the party is held (e.g. on a work day, on business premises)... Who attends (e.g. staff only) The value and type of gifts you provide. Unwrap all Yule need to know about celebrating with your employees this festive season at www.ato.gov.au//Fring/In-detail/FBT-and-Christmas-parties/ Extracted from the ATO FB page.

08.01.2022 A new blog post is up on our website! This news bulletin is relevant for small business owners, and highlights changes to the ATO's instant asset write-off threshold. Have a read to see how these changes might affect you.

07.01.2022 The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 taxpayers claimed almost $2 billion of 'other' expenses, but the ATO's systematic review of claims had found, and disallowed, some very unusual expenses, including: Lego sets bought as gifts The Purchase of a brand new car The cost of raising twins Child support, private school fees, school uniforms... And one taxpayer tried to claim the cost of their wedding reception The 'other' deductions section of the tax return is for expenses incurred in earning income that don't appear elsewhere on the return. The ATO is reminding taxpayers that, in order to claim an 'other' deduction, the expenses must be directly related to earning income and they need to have a receipt or record of the expense. Have you got questions regarding your ITR ? Please contact our office on 3245 1466 or email [email protected]

05.01.2022 The case of the dodgy camper: We recently investigated an electrician whose tax return had some fishy claims... a camping guide, portable fridge, jerry can, sprinkler, BBQ wipes, shovels, soft drink and a picnic rug He said his boss needed him to travel and camp for work, but when we spoke to his employer they confirmed that wasn’t the case. Since the sparkie didn’t have any genuine expenses and knowingly misrepresented his circumstances, we knocked back the claims and ap...plied a penalty. Steer clear of the dodgy deductions trap. Check out our info on what you can claim at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/ or talk to a registered tax agent. Dodgy deductions don't pay Extracted from the ATO FB site

05.01.2022 Ho-ho-hoping to pick up some extra work over the summer? Depending on the nature of your side hustle, you may be able to claim a deduction for the cost of buying and cleaning distinctive uniforms, occupation-specific or protective clothing. So if you’re helping out Santa Claus at the local shopping centre, keep your receipts! You may be able to claim the cost of Santa’s suit for your photo shoots next tax time. But impersonating Santa at the work Christmas party isn’t tax ded...uctible, though (just heaps of fun). Give yourself the gift of knowledge and find out more at www.ato.gov.au//clothing,-laundry-and-dry-cleaning-expenses Working an extra job this summer? Advise taken from the ATO FB site

05.01.2022 Are you an Australian with a higher education debt, living or working overseas? The ATO have made changes to the way that Higher Education Loan Program (HELP), Vocational Education & Training student loan (VSL) and Trade Support Loan (TSL) debts will be repaid from the 1st of July 2019. Expats should know that once their income reaches the new threshold of $45,881 for 201920, they need to be making repayments, just like anyone living in Australia. You can read more about ...it directly from the ATO by following this link. If you have any queries about how these changes may affect you, feel free to give our friendly team a call on (07) 3245 1466

04.01.2022 A new blog post is up on our website! Today we discuss the growing trend of lifestyle blogging. If this is your job, there are a range of work-related expenses that you may be eligible to claim as deductions on your tax return! Give our article a read to find out more. This is a general guide only. For more information relevant to your specific circumstances, give our knowledgeable team a call today on (07) 3245 1466 and book an appointment.

03.01.2022 Keen to lodge your tax return? Only some of your income data will be pre-filled before August, so be sure to double-check you’re declaring everything you earned in 201819 This can include income from multiple jobs, rental properties, shares, distributions from managed funds, foreign sources, government payments, and more. Find out more from the ATO by clicking the link.... If you need any assistance this tax time you can contact our experienced team on (07) 3245 1466.

01.01.2022 ? The only way to get to the right answer is to ask the right questions: - ? - Are they paid based on an agreed quote they provided? - ?... - Are they legally responsible for their work and liable for fixing mistakes or defects? - ? - Do they operate their own business independently of your business? '' , . Feel free to contact the friendly team at & () if you need assistance. You can also use the handy ATO decision tool to help you work it out by clicking below: