RakTax Accountants

25/08/2025

09/07/2025

This means you can’t just copy and paste your deductions from last year 🙅

You may however be able to claim similar expenses as deductions in your new tax return.

To claim a deduction for a work-related expense, there are 3 golden rules:

1. you must have spent the money yourself, and weren’t reimbursed
2. the expense must directly relate to earning your income
3. you must have a record (usually a receipt) to prove it.

👉 If your expense was for both work and private purposes, you can only claim a deduction for the work-related portion.

02/07/2025

Maximizing refunds, minimizing stress

25/06/2025

https://www.tpb.gov.au/tpb-taxtime?fbclid=IwQ0xDSwLJRT1leHRuA2FlbQEwAGFkaWQBqyMjK__sywEeVMYE1haSWvnOATRR2FGST2Znn-3n_47nfzXnTrl0Rf5De3NaMsaQvMbnEeE_aem_DW3K2fcRdklao4clZ6WVuQ&utm_medium=paid&utm_source=fb&utm_id=120228448133590219&utm_content=120228448133570219&utm_term=120228448133580219&utm_campaign=120228448133590219

TAKE THE GUESS WORK OUT OF TAX TIME THIS YEARIf you use someone to prepare or lodge your tax returns, notices or statements, or to provide you with tax advice this tax time, make sure they are registered with the Tax Practitioners Board (TPB).Engaging with a registered tax practitioner ensures the s...

15/05/2025

We're the accounting team for you & your business.
If you're starting out, looking to grow, or planning an exit strategy, we can support you and your business to get there.

25/12/2024

Wishing you a Christmas that’s merry and bright, filled with love and joy. Have a wonderful holiday season!