Entries by synecticgroup

Valuing stock for private use

Have you taken stock for private use? That’s ok! Here’s the values to use for 2014-15. The Tax Office issues guidance every year for business owners on the value it will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in certain industries. The following table should […]

Deductions for home to work travel

When can you claim a deduction for home to work travel? As a general rule, travel from your home to your workplace is not allowed as a deduction because it constitutes a “private expense”. There are however circumstances when you may be entitled to claim some of these travel expenses, or even travel costs to […]