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Compromised TFN: What You Need to Know

October 17, 2024
Compromised TFN: What You Need to Know | Accountant | Bayswater

Compromised TFN? Tax File Numbers (TFNs) are used for tax and superannuation purposes, and are an important part of your Australian identity. Keeping it secure is crucial for managing taxes, applying for jobs, and accessing government services. When it’s compromised, the Australian Taxation Office (ATO) won’t issue a new one. To prevent identity theft and …

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Boost Your Refund: How to Claim Tax Deductions for Travel Expenses

October 14, 2024
Boost Your Refund: How to Claim Tax Deductions for Travel Expenses | Accountant | Bayswater

Deductions For Business Travel Do you ever travel for work and have to stay overnight? If so, you might be able to claim tax deductions for some of your travel expenses! Accommodation, meals, and even incidental costs can often be tax-deductible if you’re traveling for work purposes. What’s the Catch? As with most tax-related matters, …

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What is a Motor Vehicle Logbook?

September 18, 2024
What is a Motor Vehicle Logbook? | Tax Tips | Accountant | Bayswater

Motor Vehicle Logbook Is your car used for work-related duties or to run your business? Keeping a comprehensive record of your car-related overheads is essential if you want to maximize your tax claim. Tax audits can be saved time and money if you maintain an up-to-date, valid car logbook. The question is, what is a …

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