Tax Tips

Tax tips for the Individual and Business Clients

* A 3 month log book will last 5 years … unless there is a change in circumstances
* The Tax Free Threshold for 2018-2019 is $18,200
* The SGC is 9.5 from 01/7/2014 until 30/6/2020
* The ATO website provide Calculators for Fuel Tax Credits, and Eligibility

 

ATO Tools

For working out eligibility and amounts for your Tax or Bas
http://www.ato.gov.au/Calculators-and-tools/

 

Keeping Good Records

Your Fuel Tax Credit records need to show
* The date Fuel was acquired
* The type of fuel acquired
* The quantity of Fuel
* What activities each fuel was for

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