The Australian Tax Office (“ATO”) has recently released a Practice Statement (PS LA 2001/6) which outlines the evidence required to be kept in order to claim mobile phone, internet, home phone, and other electronic device expenses.
The changes increase the substantiation requirement
posted by Jonathan Gallwey on August 27, 2015 in design / comments
- The 'benchmark' rate for Division 7A loans has been set at 5.45% for the year ended 30 June 2016;
- The 'luxury' car limit has been set as $57,466 for the year ended 30 June 2016 which is unchanged from last year;
Some Victorian State tax news:
The
posted by The Gallwey Group on July 31, 2015 in design / comments
The big headlines from the May 2015 budget were the changes to small business depreciation rules and tax rates. So what exactly is a small business? Are you eligible to take advantage of the changes?
What is a small business?
A business can come in many different shapes, sizes, s
posted by The Gallwey Group on July 31, 2015 in design / comments