AFS NEWS | Your partners in success

Travel expenses now clearer

The Australian Tax Office (ATO) has made its stance on travel expenses clearer in a recent draft tax ruling to help determine whether an employee can deduct certain travel expenses.

Client Update – October 2017

October is here after the welcomed sunshine of September and all the signs point to a hot summer. Things are also beginning to heat up on the global interest rate front. Read our latest economic summary in our October Client Update.

Common deductions property investors miss

Garden watering systems, closed circuit television systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation.

Tax Alert September 2017

Following the flurry of new tax rates and super changes that commenced on 1 July 2017, the ATO has moved back into more traditional territory with its announcements in the new financial year. Here’s a roundup of what’s new in the tax world: 

Working to inspire youth

Last week we participated in The Smith Family Work Inspiration Program. We had a great day with 15 Eaglehawk Secondary College students who spent two days visiting local organisations, big and small, around Bendigo.

Employee or contractor? What’s the difference?

Correctly working out whether you are hiring an employee or simply engaging an independent contractor isn’t always straightforward and getting it wrong can be costly.