News - Roy A McDonald

Claiming a tax deduction for motor vehicle expenses – small business

As a business owner, you can claim a tax deduction for expenses for motor vehicles used in running your business. […]

With tax season here, taking proactive steps can ensure you maximise your tax return, whether you’re an individual taxpayer or

1. What is the fixed rate for Tax Time 2024? The fixed rate for the 2023–24 income year is 67

August 1, 2024 / Accounting, Tax/ATO

Another tax year has come and gone and the team at Roy A McDonald Pty Ltd have put together some

The transition from a structured work life to retirement can indeed be daunting, despite financial security. Here are some additional

July 18, 2024 / Accounting, Tax/ATO

If you run your business from home and have a dedicated area set aside as a “place of business,” you

Boosting your superannuation is a strategic way to secure a comfortable retirement. Here’s a closer look at several methods that

It’s now a new financial year so it’s crucial to start organising your records for your 2023-24 tax return. The

Running a small business can be demanding, and having a tax professional assist with your tax obligations can make things