Chartered accountant
GAIL FREEMAN shares tips on how to help your tax return sail through. This is a sponsored post.
THE 2021 tax season has started and, from interviews with some of her clients, chartered accountant
Gail Freeman has noticed consistent mistakes. Here she offers hints to ensure your tax return doesn’t get held up at the Australian Taxation Office.
Gail Freeman.
Everyone, it seems, wants to claim 80 cents an hour for working at home this year. However, there are a few requirements to making this claim.
Firstly, 80 cents an hour is all that can be claimed; no phone, no internet, no equipment. So it’s pointless providing receipts for other items if claiming the 80 cents an hour for working from home.
Last-gasp tax tips for this financial year
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Time to plan for rises in super
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In this sponsored post chartered accountant Gail Freeman explains the update around tax claims for internet and mobile phone costs.
I asked Tyler to call by to see me because I had an important update on his tax claims for the internet and mobile phone.
Gail Freeman.
Last week the Administrative Appeals Tribunal of Australia (AATA) handed down a judgement on claiming internet and mobile phone costs.
In that case, a person had tried to claim their home internet, mobile phone and car use without good records.
I had found the case very interesting and wanted to share the news with Tyler.
Gail Freeman.
Small-business owner Brittany was concerned when she got a letter from the Australian Taxation Office (ATO) about single touch payroll.
“What is it and what do I need to do about it?” she asked when she came to see me.
I explained that single touch payroll was the way that most businesses reported their payroll data to the ATO on a regular basis.
“Up until now, firstly large employers and then small employers have to provide details of the payroll for their arm’s-length employees.” I said.
“However, they have not had to report on their closely-held employees, which is people like yourself. Closely-held employees are either a director, a shareholder, a beneficiary of a trust or a family member.