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2021 Year End Tax Tips for Individuals

Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now to prepare for your 2020 tax and we’ll help maximise your return.

Key points in the Federal Budget 2021-2022

The Federal Budget 2021-22 is all about economic recovery, including tax cuts, business incentives and investment in training. Many changes in the budget can benefit individuals and business owners. Talk to us to find out how the changes impact you.

Tax Tips for small businesses

Need help with maximising your business deductions? This year it’s important to get your records and tax return correct because of the unusual business circumstances and JobKeeper. We can help make tax time easy.

New Property Investor Tips

As you start your property investing journey, you will find different opinions in every corner and an overwhelming amount of information. The secret to getting on the front foot is keeping it simple. With over twenty years of experience in the property industry, we share BMT Tax Depreciation’s top four tips for new investors. 1. 

Super Guarantee Rate is Set to Rise from July – Are You Prepared?

The super guarantee rate will rise in July this year to 10%. Have you calculated the extra cost to your business? This rate increase will impact employer expenses and may affect salary packages. Talk to us now so you don’t get caught out.

Have you taken an Odometer Reading for FBT?

Remember to take an odometer reading for the fringe benefit tax period ending March 31st.

#FringeBenefitsTax

Motor Vehicle Logbooks: What are these and what are the rules?

Whether you lease your vehicle, have a loan for it or own it, if you are using your vehicle for work or in your business you will want to claim these costs at tax time! Yes the ATO will allow you to claim expenses without a logbook if you are an individual but these are

Job Maker Hiring Credit

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides:  $200 per week for new employees between 16 to 29 years of age;

The End of Financial Year (aka Tax Time) is Coming!!

The End of Financial Year (aka Tax Time) is Coming!! Plan Now – 1 July is too late! The end of financial year is rapidly approaching so if you are a business that has been considering changing accounting systems, has outstanding returns, is wondering whether they should be taking advantage of the small business $20k

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