Record Keeping Instructions

Download PDF       Good record keeping is probably the most effective tax tip going.  This blog covers the record keeping requirements for cars, mobile phones and home office claims. Vehicles:       In order to claim a vehicle you must “hold” the vehicle.  If your employer makes the lease payments on the vehicle, your employer “holds” …

Travel Allowance Substantiation Concession, More Work Than Substantiating

Download PDF        Many decades ago the government introduced substantiation concessions for people travelling in their job and receiving a travel allowance.  Basically, if the amount you claim is reasonable you do not need to keep receipts.  Every year the ATO releases a detailed ruling of the amount that it considers reasonable depending on where …

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