Travel Expenses – carrying bulky tools

Claiming eligible deductions To ensure individual taxpayers are claiming deductions eligible under the tax law, the Australian Tax Office (ATO) places certain emphasis on particular areas each year. Work related travel expense for transporting bulky tools or equipment...

Workplace giving and salary sacrifice arrangements

Employers can collect money for a  Deductible Gift Recipient (DGR) by setting up a workplace giving or salary sacrifice arrangement for their employees. It is important that the employer understands the difference between the two types of arrangements. Workplace...

Be careful what you wish for

Living life without setting goals is like sailing a ship without having planned a course. We all know the importance of setting goals but why do so few families set short, medium or long term goals. When we prepare financial plans for our clients it is critical that...

Understanding Overtime Meal Expenses

Generally, meals and drinks purchased during work are considered as private expense that is a non-deductible expense to the employee. There is an exception where the employer pays an overtime meal allowance under an industrial award to the employee who is required to...