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Lego tax deduction fail

Weirdest tax deductions revealed

Would you claim the Lego you bought for your kids throughout the year as a tax deduction? One taxpayer did and it made the Australian Taxation Office’s 2018-19 list of most unusual claims. The Lego was not the only claim for money spent…

What makes your debt tax deductible?

There are two kinds of debt in this world: the kind that is tax deductible and the kind that isn’t. Knowing the difference, and planning your purchases accordingly, can significantly improve your cashflow, opportunities and overall…

Do you know what you can and can't claim?

Taxpayers are being put on notice by the ATO, which will be paying close attention to claims for ‘other work-related expenses’ this year. Ensuring you have appropriate records, and sound advice, will be more important than ever for…