My Tax Zone is a reseller of MYO GST and bookkeeping products. Visit our site here to view products list and prices >>> MYOB Products
MYOB’s business management solutions are more than just accounting systems. Each solution gives you a range of tools that will help you stay compliant, improve your customer service and build a [...]
Good news for property investors:
There has been a quantum shift in the view of deductibility of interest expense during the construction period of an investment property construction project. The shift from the ATO’s traditional view to the current position is good news for property investors.
Typical scenario >>> Investor purchases land, constructs a dwelling and, [...]
I have to buy tools/equipment for my job. What can I claim and how much?You are able to claim expenditure incurred in replacing, insuring and repairing tools of trade that you use for earning your income. The amount you can claim will depend on what records you have kept.My job requires me to keep my [...]
I have to buy tools/equipment for my job. What can I claim and how much?You are able to claim expenditure incurred in replacing, insuring and repairing tools of trade that you use for earning your income. The amount you can claim will depend on what records you have kept.My job requires me to keep my [...]
I have shares and received franked dividends and am not required to lodge a 2008 tax return. How can I get the franking credit refunded to me?
You can complete the Refund of Franking Credits for Individuals form which can be lodged by telephone or mailed to the ATO. Here is a link to the ATO [...]
Click here for more information on your tax return >>>>notice of assessement.
After the ATO has processed your tax return, you are issued with a “Notice of Assessment”. This will tell you if you are entitled to a refund, or if you have a tax debt to pay.
To understand the items on your notice of assessment [...]
Click here for more information on your tax return >>>>notice of assessement.
After the ATO has processed your tax return, you are issued with a “Notice of Assessment”. This will tell you if you are entitled to a refund, or if you have a tax debt to pay.
To understand the items on your notice of assessment [...]
For more details on paying your tax debt visit our site here.
If you cannot pay your tax debt on time, we recommend you contact the ATO at your earliest convenience to discuss your circumstances.
When you speak to an operator about payment of your outstanding tax debt or remission of general interest charge (GIC), the ATO [...]
Click here for more details on your tax return >>>>record keeping.
You should keep records in these main categories:
b any payments you have receivedb any expenses related to payments receivedb when you have acwuired or disposed of an asset – such as shares or a rental propertyb any tax deductible gifts or donations, andb any medical [...]
For details on lodgment dates click on this link >>>> lodgment deadlines.
If you prepare and lodge your own tax return, the lodgment deadline is 31 October each financial year.
If you lodge through a registered tax agent, they have their own lodgment deadlines, with lodgment extensions up to May the following year.
However, if you are [...]
