from TPB Board As tax-time begins, the Tax Practitioners Board (TPB) is warning the public about the risk of using unregistered tax agents. It follows cases of agents posing as legitimate registered tax practitioners who lodge tax returns on behalf of clients, often by accessing their myGov accounts and lodging through myTax. In a recent case, …
Dealing with unregistered tax agents can cost you Read More »
It’s a legal requirement to keep your business transaction records for a minimum of five years, so it’s important you have good record keeping practices. The records you must keep include all documents relating to your income and expenditure. A strong bookkeeping system can help you keep accurate records for a range of purposes. Use …
Always keep your records of your transactions that you want to claim in your tax Read More »
From 1 July 2018 the following car threshold amounts apply. Income tax There’s an upper limit on the cost you use to work out the depreciation for the business use of your car or station wagon (including four-wheel drives). You use the car limit that applies to the year you first use or lease the …
