Changes to the luxury car tax your clients may have forgotten Tax 2 December, 2019, 4 days ago From 1 January 2020, primary producers can claim a refund of luxury car tax (LCT) they have paid on one eligible vehicle per financial year, up to a maximum of $10,000 (it used to be $3,000), for vehicles…Details
Tax advisers have been urged to help their clients who are looking to tender for government contracts, to get their tax records in order ahead of new rules that kick in from 1 July. Late last year, the government released a consultation seeking to introduce a new government procurement process that will exclude businesses that…Details
Reasonable amounts for domestic travel expenses for employee truck drivers 6 23. Reasonable amounts are given for meals (breakfast, lunch and dinner). The amounts are for all domestic travel destinations (that is, capital cities, regional and country centres). For the 2017-18 income year, the relevant amounts are as set out in Table 5a: Table 5a: Employee…Details
Client impact statement: Cents per kilometre claims in ATO’s sights Under the current rules of substantiation, the maximum distance that a taxpayer can claim without receipts for car expenses is 5,000 kilometres per year. Under this amount, a taxpayer may claim a deduction under ITAA 1997 Div 28 by the cents per kilometre method. The…Details
New Website Launch The Dean Whitford FCA website will officially launch on 1st July 2017. As a client you will be able to upload financial documents to this secure site, access your returns and other relevant files, as well as keep up to date on the latest issues relevant to you and your financial plan.…Details
Welcome to our new Web Presence – it is being built at the moment so keep checking back here to see it develop and to keep appraised of important financial news!