Travel Allowance Deductions
Travel Allowance Deductions

From the Institute of Chartered Accountants Last year an Administrative Appeals Tribunal (AAT) decision, Gleeson and Commissioner of Taxation [2013] AATA 920, was issued regarding a substantiation exemption for expenses incurred by a taxpayer while travelling overnight for work purposes. The AAT found that the taxpayer had incurred food and drink expenses while on trips […]

Correctly Reporting Property Transactions
Correctly Reporting Property Transactions

From the Institute of Chartered Accountants For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you will need to report your GST obligations. Transactions that may have a GST consequence include: buying selling renting developing building renovating using a property […]

Is there a lost superannuation account in your family?
Is there a lost superannuation account in your family?

From the Institute of Chartered Accountants The tax office says $14 billion in lost super is waiting to be claimed. Does some of this relate to you or your family members? The problem arises because people – particularly in their younger years – had many jobs and employer superannuation contributions were made to funds which […]

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