You don’t need an inner-city address, Caren will help you tackle money matters in the ‘burbs, through a better understanding of all the important issues – investing, superannuation, budgeting, tax, insurance, mortgages, gearing, shares, managed funds, small business, food, home, fashion, travel, and much more.

A fun and entertainingly educational forum, specifically designed for Australian “suburbanites".

Monday, August 19, 2013

Quick Tax Tips for 2013

I really enjoyed writing last week's blog because I shamelessly cashed in on Dean's intellectual property.  I actually enjoyed it so much I'm going to do it again!!!

Dean has prepared a fantastic tax newsletter this year - filled with facts you need to know before you lodge your return, and some fundamental advice about deductions.  If you haven't read it yet, it's only two pages and a really easy read, just click here for a copy.

Talk soon,

Wednesday, August 7, 2013

To claim the home office or not to claim the home office; that is the question.

Let's get one thing straight - I'm not an Accountant.  I do not own, nor will I ever own, a brown cardigan!  Oh actually I just realised that's a lie - I do remember owning a brown cardy once - but brown was waaaaay cooler in the 70s...

I'm a Financial Planner who is completely surrounded by tax experts - my partner, my father, my brother, my uncle, even my 19 year old step-daughter is at Uni studying tax!  So I do get asked a lot of tax questions, especially at this time of the year.

One of the most common (not to mention the most commonly misunderstood) is what's deductible when it comes to the home office.  And it's important to understand that from the tax office's perspective there's a significant difference between "working from home" and "working from a home office".  So first you need to....

Hang on!  I just mentioned I'm surrounded by tax experts, so why should I do the hard work?

Click here for a short and easy to read ePaper written by Dean Hendrie (the brother tax expert), outlining what qualifies as a "home office" and what deductions you can claim.

Of course, if you'd like to hear more of what I have to say on the matter, click here for a recording of my most recent "You & Your Business" radio segment on 98.1FM Radio Eastern.

Talk soon,