Tag: the accountants

This article, written from a tax agent’s perspective, addresses the various aspects individuals need to consider when facing redundancy. It covers the taxation of redundancy payments, superannuation considerations, financial planning, government benefits, tax preparation, and the importance of emotional support. The focus is on providing comprehensive guidance to help individuals navigate the financial and tax implications of redundancy.

This article discusses the impact of Buy Now, Pay Later services on credit ratings. It covers BNPL basics, credit reporting, potential negative impacts, credit utilisation, building credit history, responsible usage, and consumer advice. The focus is to educate consumers on how BNPL can affect their financial standing and to emphasize responsible financial practices.

This article, written from a tax agent’s perspective, advocates for the use of the myGov platform for individuals with simple tax returns. It highlights the platform’s ease of use, pre-filled information, cost-effectiveness, direct ATO access, available guidance, security, and record-keeping benefits. It also advises on when to seek professional tax advice, emphasising that myGov is an excellent tool for straightforward tax situations but may not suit more complex cases.

This article, written from a tax agent’s perspective, explores the process and considerations for claiming deductions on laptops and home computers used for work. It covers eligibility, calculation methods, apportionment, record-keeping, related home office expenses, and the importance of professional advice. The aim is to guide individuals in effectively claiming technology expenses on their tax returns, emphasising the need for accurate documentation and compliance with current tax laws.