Tax Return Perth | Overdue Tax Return

  It is possible to deduct expenses you have incurred in the course of your work in the capacity of an employee.   The expense is incurred in a tax year when: You receive a statement or an invoice for an expense you are responsible for and have to pay (even when you aren't able to pay it until after the close of the year in which you earn income) or There is no bill or an invoice, but you're debited and pay for the cost. The expenses are: vehicle expenses, which include maintenance and fuel costs travel costs costs for clothing education expenses union fees telephone and home computer expenses the expense for equipment and tools journals and trade magazines and trade. It is also possible to claim deductions for certain expenses that aren't related to work.   They include: Interest and dividend deductions on investment Deductions for gifts and donations Deduction for the expense in managing tax issues. Tax on goods and services If the expense you are paying for includes th...

 In addition to opening a bank account or starting a part-time job, paying taxes is another sign you have reached financial maturity. The task of filing an income tax return can seem daunting for most people. How do you determine if you need to file one? Mark Morris, Professor at La Trobe University and Professor of Practice In Taxation, are here to guide you through tax season. Here are the top 10 tax questions that you should be asking as an Australian university student. These questions will help you decide whether or not you must file an income tax return for the tax year ending 30 June 2018. If you do, you can also learn how to prepare one. 1 . Are you an Australian tax resident first ?  Determine if you are an Australian resident to calculate your Australian income tax. If you are born in Australia and live there for income tax purposes, you will be considered an Australian resident.  Importantly, international students can be considered tax residents of Australia i...