Tax tips to boost refunds for businesses and individuals Date issued: May 30 2011  Don’t miss out on the cash they are entitled to receive.  'Individuals, investors and businesses need to know their entitlements for which they are eligible and equally, those for which they’re not eligible,  Individual taxpayers and investors 

1. claiming all work-related deductions (for example, uniform, telephone costs, subscriptions, home office expenses).
2. claiming all your rental property deductions (for example, advertising, body corporate fees, repairs, loan interest).
3. Maximizing motor vehicle deductions. The proportion of work-related travel for which your vehicle is used will determine the level of vehicle running expenses you may be able to claim. Speak to your Durrant’s Accounting Services to find out more.
4. An education tax offset is available for eligible families (those who have claimed Family Tax Benefit A) for 50 per cent of the cost of items such as educational software, home computers and associated costs, home internet connections, laptop computers, printers, school texts, stationary and trade tools used in school.

 Please check my website for further information  www.dasperth.com.au Businesses  

1. This is the final year in which companies can claim the investment allowance.
2. Trusts: how will proposed changes to the tax treatment of trusts affect those in discretionary trusts and those who use a trusts in a business?
3. Reviewing salary sacrificing arrangements: changes to the fringe benefit tax treatment of company vehicles may in fact be more suitable for some employees.
4. The tax treatment of expenses paid by companies for shareholders or other associates (Division 7A).
5. Other issues which business and individuals may need to bear in mind as year-end approaches include the tax treatment, and the new rules for unpaid present entitlements and trusts.