Category Archives: Business Advisory

Effects of work, care, health on Super balances

Recently released research report Work Well; Retire Well, led by the University of South Australia, has noted that gendered and ageist labour markets, in conjunction with the gendered distribution of paid and unpaid work and caregiver responsibilities, results in substantial differences in the ability of men and women to accumulate sufficient superannuation and other assets,…
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Truck drivers’ reasonable amounts for travel updated

Following detailed consultation with the transport industry, the ATO has amended their determination for travel expenses for truck drivers to provide separate reasonable travel allowance expense amounts for breakfast, lunch and dinner for employee truck drivers for the 2017/18 income year. The reasonable amount for travel expenses (excluding accommodation) of employee truck drivers who have…
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Renting out a room?

How to work out the expenses you can claim If you rent out a room, a unit or a whole house on an occasional basis through the sharing economy, for tax purposes you need to: keep records of all income earned and declare it in your income tax return keep records of expenses you can…
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Providing a ride-sourcing service?

If you’re providing a ride-sourcing service (transporting passengers for a fare through the sharing economy), there’s a lot you need to know to get your tax right. The basics For income tax: include the income you earn in your tax return claim deductions directly related to ride-sourcing. For GST (if you have a ride-sourcing enterprise):…
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