Alan Lewis Accounting & Taxation Services
Accounting Services in Wyong

Taxation and tax are the main categories of this company. Growing your business with you.

We bear friendly, professional accounting and tax services for individuals, investment property owners, little businesses and fresh enterprises. Investments, such as property, can be a tax effective means to building assets. The APO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation specific clothing, items of protective wear and for sure unique, and usually distinctive, uniforms. Salary sacrifice can be a great way to get a piece of your remuneration in a form other than cash and not personally pay tax on it. Home office expense claims are subject to the equivalent general substantiation requirements as other deductions that is, it is a requirement that records should be kept for at least five years. When a legal expense is incurred in relation to the operation of a business to yield asses sable income, it is generally allowable as a deduction. It is possible to receive amounts that you do not need to tell the taxman about, and don’t have to include as income on your tax return. When can you claim a deduction for home to labor travel? It was the third time, according to APO records, that the matter was raised. The benchmarks are developed from information provided by businesses on their tax returns and activity statements. A business generally makes a tax loss when the whole deductions it can claim for an income year exceed the total of that business’s asses sable income for the year. But one other imperative consideration is to make sure you also plan for behind the coming that is, for the time beyond your own lifetime. The last of the financial year is not all that far away. The upside in you doing this is that your income tax is then based only on the reduced amount of salary that results. Most Australians will have to pay the Medicare levy and, generally, tax offsets do not reduce the levy amount. The calculator can help you labor out whether you are above the threshold and the amount of medical tax offset you can claim. Marcus takes a week off work for Christmas and New Year. Can you claim a deduction for home to work travel? The cost of negotiating employment contracts with a fresh employer. The employee acquires the car, and the employer agrees to make the lease repayments to the financier for that vehicle as a condition of employment. During the period of the notated lease, the employer is entitled to a deduction for lease expenses where the vehicle is provided as piece of a salary sacrifice arrangement. The employer makes lease repayments to the finance supplier on behalf of the employee from their pretax salary. While it may seem straightforward to determine if a worker is living at their ordinary place of residence or not, the current interpretations have been developed over years of case law decisions, and ultimately depend on the facts of each case. The employee’s (or associate’s) expense is directly related to their activities as your employee or the reimbursement is an expense payment benefit.