Covid-19 Tax Advice

Covid-19 Tax Advice

The Government’s financial support initiatives for businesses and individuals. What a changing world we are living in as we all try to navigate the challenges arising from the current Coronavirus Pandemic, including protecting the health and safety of our friends and family, and the viability of our businesses, employment and investments. Prime Tax Experts is committed

Why Use A Tax Agent?

Why Use A Tax Agent?

If you’re wondering whether you should hire an accountant or do your tax return yourself, we’ve taken a look a a few key questions you could ask yourself which may help you decide. 1. Just How Complicated Is Your Tax Return? The rule of thumb is that the more complicated your tax return, the harder

Allowable Driving Deductions

Allowable Driving Deductions

You can claim vehicle and other travel expenses directly connected with your work, but you can’t claim for normal trips between home and work – this is considered private travel. Calculating your deduction You can choose which of the following four methods for claiming work-related car expenses that gives you the largest deduction for any

Working Away from Home

Working Away from Home

What you can claim You may be able to claim travel expenses you incurred for meals, accommodation and incidentals while away overnight for work – for example, going to an interstate work conference. However, generally, if your travel did not involve an overnight stay, you can’t claim for meals even if you received a travel