Blog

View a selection of articles and blog posts by Trak Accounting.

Tax relief for parents with children suffering behavioural disorders
October 11, 2015
If you have a child with a behavioural disorder, then a little-known ATO tax incentive might be available to you. The Medical Expenses tax offset allows taxpayers to claim deductions on net medical expenses – in other words, the expenses paid out-of-pocket after Medicare and health fund refunds – Read More »
$20k Tax Break for Businesses is now even better!
September 23, 2015
Businesses have always been able to use depreciating assets as tax deductions. However, the government has now simplified the rules so that it’s easier for small businesses to take advantage of these deductions. They’ve made it possible for small businesses to write off depreciating assets in one fell swoop, rather than Read More »
Should you declare income when renting rooms in your home?
September 23, 2015
A popular method of avoiding taxation in the past has been to buy a property, build or renovate, live in the residence for twelve months (satisfying the appearance of ‘primary place of residence’), then selling the property – and buying another property to repeat the cycle. This takes advantage Read More »
FIFO Workers – Will You be Sweating Under ATO’s Spotlight this Year?
August 22, 2015
Amongst the Australian Tax Office’s targets this year are work-related deductions – especially relating to fly-in-fly-out (FIFO) workers. So how can you avoid getting caught in the net? The obvious answer is to not to do the wrong thing. Well, that’s always a good start – but the rules around Read More »
Gold Coast Economy Still Looking Great
August 21, 2015
It’s great to see that there are some strong pockets of economic growth around Australia. One of the primary growth spots is our very own Gold Coast – showing a host of positive signs that the economy is in a state that bodes well for business now and in Read More »
August 06, 2015
WE ARE HIRING! Want to become part of a busy accounting team on the Gold Coast? We’re looking for a Senior Accountant who would like to grow into a management role. Based at Varsity Lakes on the Gold Coast we have the best of both worlds – great work Read More »
Feel free to contact us for a complimentary consultation. Let us get you on TRAK to success