Log Book Requirements

The 2019 financial year is going to end in 12 weeks. This is the length of time you are required to keep a logbook. Therefore if you have not kept a logbook now is the time to act. In addition to recording all of the running costs associated with your vehicle, the following outlines what is required as part of your logbook. As a tip, you may wish to purchase a pre-prepared logbook from your local newsagent or stationery store. LOG BOOK REQUIREMENTS For a logbook to be compliant it must be kept for a continuous period of at least 12 weeks and must contain all of the information outlined below. Apart from the period of 12 weeks being required, the logbook must be in English and must contain

Claiming Mortgage Interest, Rent and Council Rates

Can and should you claim your Home Loan, Rent, Rates and Contents Insurance? We have seen and heard many comments from educators about whether they are entitled to claim part of these types of expenses for tax purposes. While everyone’s circumstances are different in determining this, we have also seen some very broad and scary statements made from both Educators and Accountants on how the law applies to these expenses. Most of the threads usually end up with everyone being more confused than when they started with no real resolution. Rather than rely on our opinion, or upon the specific Accountant you may choose to listen to, we have prepared a brief summary of some private rulings issued b

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