Latitude Accountants

Tax Commissioner Toufic has spoken.

Fishing gear? Deductible.
Gym memberships? Deductible.
Old cars? Deductible.
Rugby league with the family? Deductible.

AFL? More tax.

Full episode of The Account Rant out now.

This is obviously not tax advice. Speak with a qualified adviser before trying to claim your fishing rod.

Property is falling. That does not mean every buyer should run.

Some homes have already taken the hit.

One client found a Bankstown block for $250k less than the asking price 6 months ago.

When the market panics, good buyers look harder.

Watch the full episode of The CEO Breakdown for John’s complete take on where the property market could be heading next.

This is general information only, not financial or property advice. Speak with a qualified adviser about your own circumstances.

POV: you thought big deductions went unnoticed.

The ATO is comparing your claims against people in the same job.

$500? Normal.
$1,000? Still normal.
$3,000 plus? You’re standing out.
$36,911? You better have proof.

Big deductions are not automatically wrong.

But if you claim them, you need to be ready to back up every dollar.

Full video out now on YouTube.

This is general information only, not tax advice. Speak with a qualified adviser about your own circumstances.

POV: You get an ATO audit letter

Don’t panic, but take it seriously.

Before you respond, work out exactly what the ATO is questioning and what you can actually prove.

Because in an audit, substantiation is everything.

Full video out now on YouTube.

This is general information only, not tax advice. Speak with a qualified adviser about your own circumstances.

The Childcare System Is Broken

Families are stuck.

To afford life, both parents often need to work.

But once both parents work, childcare can eat a massive part of the second income.

More work should create more options, not fewer.

Full episode of The Account Rant out now.

This is general information only, not tax or financial advice. Speak with a qualified adviser about your own circumstances.

Are super funds really independent?

Super funds giving more advice sounds good.

But what happens when the advice comes from the same place that wants to keep your money inside its own products?

That is the concern.

Full episode of The Account Rant with John Saade and Leigh Morris out now.

This is general information only, not financial, tax or superannuation advice.

You're losing money by keeping your money in the bank

Full episode of The Account Rant out now.

This is general information only, not tax or financial advice. Speak with a qualified adviser about your own circumstances.

TaxAustralia

Financial advice reform is supposed to help everyday Australians.

But is it really making advice more affordable, or just handing more power to big super?

Full episode of The Account Rant with John Saade and Leigh Morris out now.

This is general information only, not financial, tax or superannuation advice.

The ATO Hates Fun

Full episode of The Account Rant out now.

This is general information only, not tax advice. Speak with a qualified adviser about your own circumstances.

�

Should looking good for work be tax deductible?

If your appearance is part of the job, on camera, in sales, client facing, is it really just personal spending, or is it a work cost?

This clip from The Account Rant gets into where the line should be drawn.

What do you reckon, fair point or terrible take?