If you use your own car for performing work related duties (including a car you lease or hire), you may be able to claim a deduction on your tax return for vehicle expenses.
Commercial properties are often renovated to suit the needs of the business occupying them, however, many people are unaware that on removal, the owner of the asset can claim the remaining value as an immediate deduction in that same financial year. This is known as scrapping. Read more
The biggest news of the month saw the Reserve Bank of Australia cut the cash rate to 1.25% after almost two years steady at 1.5%. Read more