Author: L.J. Tax Consultants

In Australia, capital gains tax (CGT) is a tax that is applied to the sale of certain assets, such as real estate, shares, cryptocurrency and various business assets. Capital gains tax is calculated by taking the difference between the sale price of the asset and its cost base (the amount the taxpayer paid for the…

Going on an overnight work trip can be a blast, but did you know it can also boost your tax return? That’s right, many expenses related to overnight work trips are tax deductible in Australia, making your work trip even sweeter. Here are a few deductions you should keep in mind: Accommodation: If your employer…