Tax Accountant Dandenong

 Are you a property investor in Australia who is unaware of the tax deductions? Don’t worry. In this blog post, you will learn more about all the top deductions you can claim and maximise your returns. The common mistake many property investors make is that they don’t pay attention to the possible tax deductions they can claim which will save them great income.  Also, the ATO at times can crack down on incorrect tax returns from rental or investment property. So, without any further delay, learn about the top tax deductions for Australian property investors. Before we dive into the top ones, let’s first know the basics. As a property investor in Australia, you must know that you can only claim the deductions on expenses directly related to owning and managing your investment property. These expenses must be incurred to produce rental income. You cannot claim the ones which are private or domestic like your personal living expenses etc. Top Tax Deductions for Australian Propert...

 Tax Deductible Donations Without Receipts in Australia In Australia, giving to charity is a prevalent habit, and many individuals give generously all year long to various causes. Charity donations can benefit the giver tax-wise in addition to assisting people in need.  It’s crucial to be informed of the rules and regulations regulating tax-deductible donations if you’re thinking about giving to a charity in Australia. This includes knowing whether donations may be deducted from your income without a receipt. What are Tax-Deductible Donations in Australia? Contributions to organisations that are listed as deductible gift recipients with the Australian Taxation Office (ATO) are recognised as tax-deductible gifts in Australia (DGR). DGR organisations are non-profit or recognised charities that can collect donations that can be deducted from one’s taxable income. The Importance of Keeping Records of Donations You might be able to claim a tax deduction for your gift if you give it...