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Newspaper Article

Click on the links below to view our article which appeared in the Daily Advertiser on Saturday 9th July 2016.

http://www.dailyadvertiser.com.au/story/4014711/firm-welcomes-in-new-era/

http://www.dailyadvertiser.com.au/story/4010638/whats-on-the-ato-hit-list/

http://www.dailyadvertiser.com.au/story/4013729/licenced-advice-for-super-funds/

Or view by clicking on following pdf files.

Daily Advertiser Article – page 1

Daily Advertiser Article – page 2

Daily Advertiser Article – page 3

 

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Phone, Internet & Home Phone Expense Claims

ATO Information Sheet

The ATO has issued an information sheet setting out how taxpayers can claim phone and internet expenses. Basically taxpayers should keep a 4 week diary so they can apportion the expenses between work and private use. These diaries will need to be made every year!!

Claiming the Deduction

Where tax payers use their own phone or internet for work purposes, they may be able to claim a deduction if they paid for these costs and have records to support their claims. If they use their phone or internet for both work and private use, they will need to work out the percentage that reasonably relates to their work use.

Substantiating Claims

To claim a deduction of more than $50, taxpayers need to keep records for a 4 week representative period in each income year.
These records may include:
• Diary entries – including electronic records
• Bills; and preferably
• Evidence that their employer expects them to work at home, or make some work-related calls.
For further information please follow the link below:
https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/other-deductions/claiming-mobile-phone,-internet-and-home-phone-expenses/
Feel free to contact Paisley Robertson if you require clarification.

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Repeal of the conservation tillage tax offset

The refundable 15 percent tax offset which is available for eligible no-till seeders first used or installed between 1 July 2012 and 30 June 2015 has been repealed from 1 July 2014. This means that seeders first used or installed from 1 July 2014 will not be eligible for the tax offset.

For more information on the conservation tillage refundable offset, please visit the following ATO website:

https://www.ato.gov.au/Business/Primary-producers/In-detail/Other-rebates—deductions/Conservation-tillage-refundable-tax-offset/

 

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