If you buy an asset and it costs less than $30,000, you can write off the business portion in your tax return for the relevant income year.
THE Australian Taxation Office today releases a hit list of areas it will pay special attention to this tax time. In a break from tradition, the ATO is not focusing on individual occupations but instead on specific types of work-related claims.
Many Australian workers may be eligible to claim a tax deduction for after-tax super contributions, also called personal super contributions or non-concessional contributions.
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