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10 Less Common Tax Deductions You Didn’t Know You Could Claim

We’ve all put 2020 behind us, and it’s time for a positive fresh start with organisation and getting ahead in the New Year 2021. While taxes are not something we like to think about this time of year, it’s the perfect time to start getting organised about what you need for tax time and what deductions you can be eligible for. Here are some more of the unusual tax deductions you may not even be aware you can claim. Table

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tax deduction christmas party

What can I claim as tax-deductible for Christmas parties?

If you have a business, it’s that time of year where you’re starting to think about Christmas parties and office celebrations. It’s also time as a business owner to say thank you to your employees for another year of hard work. But it’s also worth knowing what you can claim and what you can’t. The rules can be confusing, so here are some suggestions on how to make the most of your corporate budgets this year. There are two major

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tax return with tax accountant in brisbane

How will the new budget tax cuts affect me, and how do I claim?

It’s been a whirlwind year and recent month in terms of tax with the much-anticipated tax cuts confirmed as part of the 2020 Federal Budget. The tax cuts which were initially planned for 2022, have been brought forward to this financial year. While it’s all well and good to announce tax cuts, most people are still wondering how it will affect them personally and what they should do with investments and their money to make sound financial choices. There’s also

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calculating tax cuts in Australian recession

The latest tax cuts and how it will affect you in the recession

With the recent news that Australia has officially fallen into a recession after two decades of profitable growth and the new announcements of tax cuts, accounting advice is more important now than ever. Speaking with the ABC, Treasurer Josh Frydenberg has announced proposed personal tax cuts being brought forward in the vicinity of $158 billion for Australians. While the cuts were scheduled for mid-2022, they have been brought forward to ease the growing financial tension on Australians and help to

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Workers renovating apartment

Property Renovations: 5 tax tips to maximise profits

Renovating properties is clearly a popular way for many people looking to increase the value of a property they own. How popular? Well, a simple google search of “property renovation tips” returned 50,400,000 results. People really see the need to get great information on tips and the latest trends. We certainly agree that it is important to get expert advice on the “how to” when it comes to renovating and Google may well be a great starting point. But let’s

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Federal Budget 2019-20 Update

Happy Budget! Charter Partners has compiled this guide to the 2019-20 Federal Budget which was handed down last night by the Treasurer Mr Josh Frydenberg identifying the issues that are likely to affect our clients. This report contains a highlights section (like the cheat sheet for an exam or a Shakespeare play – remember the “old School Days”) and the “nitty gritty details” for those who like to get down and dirty. Charter Partners acknowledges both CPA Australia and Wolters

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