Skip to main content
Category

Tax

TaxBusiness Advice

Navigating the New Rules for Claiming Working from Home Expenses in Australia

Tax season in Australia has always been a time of anticipation and apprehension for many individuals. But this year, there's more to it than just the usual paperwork and calculations. The Australian Taxation Office (ATO) has introduced significant changes to how taxpayers can claim deductions for expenses incurred while working from home. These changes, effective from 1st July 2022, have the potential to impact the deductions you can claim on your next tax return. So, let's dive into the details…
3 November 2023
Spouse Super Contributions - By The Numbers Accounting BlogTaxSuperannuation

Tax Time 2020 – Spouse Super Contributions

The By The Numbers Accounting team is back with some more handy tax tips for 2020! Is your spouse currently a low-income earner or not working at the moment? Did you know that you can contribute towards their super! Not only is this a great way of building and planning towards your shared future but you may even be eligible for a tax offset! Schedule a call with your By The Numbers accountant through our new online booking service to…
8 July 2020
Tax Return Time 2020 - By The Numbers AccountingTax

Tax Return Time 2020 – Book in for a Zoom Tax Appointment

This Is How We Roll Tax Return Time 2020 What a year 2020 has been; bushfires, a global pandemic, social unrest, panic buying, no sport, no pubs bars or restaurants, house parties are on your phone, Marley Spoon & Zoom are share market darlings, and social distancing is harder than it sounds! By The Numbers closed the office in early March and it was staggering to see how little time we lost, thanks to the business systems we had in…
6 July 2020
Tax Return Time 2020 Home Office Expenses - By The Numbers Accounting BlogCOVID-19Tax

Australian Tax Office Announcements for Home Office Expense Claims

Recently we published an update on deductions to claim in your next tax return regarding home office expenses. The government has announced today some changes to how you can claim your home office expenses. Make sure you read our first article on this topic. Now let’s get into the updates and new outlines.As stated previously, when working from home as your primary place of business due to being affected by COVID-19, you may be able to claim running expenses, occupancy…
7 April 2020
Work From Home Tax Deductions - By The Numbers AccountingTaxCOVID-19

Tax Deductions – Your Home Office

Much like the whole team at By The Numbers, many of you will find yourself working from home or remotely due to COVID-19. This means that a spike in home office expenses claimed in tax returns for the 2019-20 year and lodged with the Australian Taxation Office will occur. You will need to keep an accurate record on your expenses through this period, in order to claim these as deductions on income earned for the year when lodging your tax…
27 March 2020
SuperannuationTax

New Rules for Salary Sacrificing Super

Salary sacrificing to super allows an employee to forego part of their salary or wages and have the employer contribute this amount to their superannuation fund instead of paying it as cash. It reduces the taxable value of salary or wages and is therefore beneficial to the employee in both reducing tax payable and increasing superannuation. Up until now, employers were allowed to calculate superannuation guarantee contributions (SGC) on the reduced amount of salary or wages.Firstly, as of 1 January…
3 March 2020