Fuel tax rates increased 1 February 2023.
The easiest way to apply the correct rate is to use the Fuel Tax Credit Calculator on ATO Website every time you make a claim on your BAS.
You can also use the Simplified Method if you claim less than $10,000 a year in fuel tax credits.
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How to avoid paying too much GST No business owner wants to pay more than they have to, and understanding how to manage your GST Liability obligations can reduce GST liability and help you avoid paying too much GST over the financial year. As the end of the financial...
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Is a Bank Statement enough to claim a Deduction? The short answer is no. Although 1 in 6 Australians think a bank statement alone is enough to claim a deduction, the ATO tax deduction requirements state otherwise. A bank or credit card statement on its own is...
