Figtree Accounting

An article for those thinking about cryptocurrency.

Top 10 tax myths Myth: Everyone can automatically claim $150 for clothing and laundry, 5000 kilometres for car related expenses, or $300 for work-related expenses, even if they didn’t spend the money
Fact: the record-keeping exemptions provide relief from the need to keep receipts in certain circumstances. However, they are not an automatic entitlement or a “standard deduction” for everyone. While you don’t need receipts for claims under $300 for work related expenses, $150 f...
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Please be aware... check check check!!!

Happy new year financial year! That time again, tax time. See you all soon!

I will be out of the office Thursday and Friday this week gaining valuable insights to assist you further as part of my regular CPD. Should you need anything you can still contact the ever helpful Robyn at our office!

End of financial year is fast approaching. Book your appointments now! As always Robyn our friendly receptionist is waiting to assist you!

Want to know if you have missed a deduction? Check out the ATO's list of specific industries possible deductions. Best thing you can do is to keep all receipts and check with your accountant, who will know what can and can't be included with ever changing rules.

The ATO is targeting clothing deductions. Not everyone is entitled to deductions for work clothing and laundry. Best way to get it right, is follow these three simple rules: Only claim if: 1. You paid for it yourself and you weren’t reimbursed 2. You were required to wear a uniform that’s unique and distinct to your employer, protective or occupation specific clothing 3. And you’ve got a record that demonstrates how you calculated your claim
... For more information, see the attached video from the ATO.
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Remember to check email address to see if real or not.

Did someone say budget night? For all the information on tonight’s budget head to https://www.budget.gov.au/

Just like to update you that Ann Aranda is now a qualified, registered SMSF Auditor. So if you know of anyone with an SMSF that needs an Auditor, Figtree Accounting can assist you!

Time to get that BAS information together again... If you need any help or assistance, feel free to contact our helpful and friendly staff!

Two new visiting additions by the talented local artist Lisa! Both available for sale.

Don’t forget to get your information into the office. This period is 1st oct 17 to 31st dec 17.

Figtree Accounting is getting ready for Christmas. Our office will be closed from 25-12-17 until the 15-1-18. We would like wish all our clients a happy and safe holiday period!