There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people. And yes, the Tax Office has heard all the arguments before about how keeping fit reduces sickness and therefore is i...
Read MoreCan I claim a tax deduction for my gym membership?
Wednesday, May 18, 2022
The 120% deduction for skills training and technology costs
Wednesday, May 18, 2022
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access ...
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It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access ...
Read MoreWhat’s changing on 1 July 2022?
Wednesday, May 18, 2022
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For businessSuperannuation guarantee increase to 10.5%The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12%...
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A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For businessSuperannuation guarantee increase to 10.5%The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12%...
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