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Claiming Laundry and Clothing Deductions What You Need to Know

Introduction Many people don’t understand what laundry and clothing deductions can be claimed. Generally, clothing must be logged or protective, and conventional clothing will not qualify eg a suit worn by a lawyer or designer clothes worn ...
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Effective Budgeting Tips for You

As we approach the end of the current financial year, it’s time to gear up for the year ahead. Budgeting plays a pivotal role in managing your finances, whether you’re an individual or a business owner. In ...
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Why is my tax refund lower this time?

There could be several reasons why your tax refund this year is lower than you expected. Here are some common factors that can impact the size of your tax refund:  Changes in Tax Laws: One of the ...
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Attention, Small Business Owners: Elevate Your Competitiveness with Innovative Initiatives!

In the dynamic landscape of small businesses, staying ahead of the curve by embracing cutting-edge technology is paramount to ensuring your long-term success. We are thrilled to unveil two remarkable programs aimed at boosting the growth and ...
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  Small businesses should know the changes from 1st July.  Instant Asset write-off: The Australian government announced that small businesses will able to immediately deduct the full cost of eligible assets costing less than $20,000. The $20,000 ...
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Working From Home

                             Prior to 1 July 2022, Australian taxpayers had three methods to calculate deductions for expenses incurred while working from home. Shortcut method Fixed-Rate ...
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