Tax Deductions - Your Trusted Doncaster Accountants & Financial Planning Partners

Maximise Your Tax Refund: Unique Deductions for Australians in 2024

As Tax Time 2024 unfolds, millions of Australians are busy lodging their tax returns. It’s essential to ensure you claim […]

October 3, 2024 / Accounting, Tax/ATO

Using money or assets from your company or trust for personal purposes can lead to significant tax consequences if not

September 25, 2024 / Accounting, Tax/ATO

When it comes to claiming deductions for body corporate fees and charges, it’s important to differentiate between the types of

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

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

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