Motor Vehicle Expenses – To Deduct or Not To Deduct?

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Motor Vehicle expenses are not ordinarily deductible especially if you work in one location, such as just at the office. However there are circumstances which will allow you to claim especially if you have two jobs. Following the changes announced in the 2015-2016 Federal Budget, the way in which individuals will now be able to claim deductions for motor vehicle … Read More

Rental Property Depreciation – tax savings you shouldn’t miss out on!

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According to the Australian Taxation Office there were approximately 2.8 million property investors in 2012-2013 income year. A large number of these property investors claimed “Capital Works Deduction” (Div 43) and “Capital Allowance” (Div 40), or more commonly known as Depreciation. However as a Tax Agent I have come across a fair number of property investors who do not claim … Read More