Author: Mark Chapman

Tips and Insights for making the most of EOFY for SBOs

With the end of the tax year approaching, it’s time to take action to minimise the tax liability for your business. H&R Blocks’ Director of Communications, Mark Chapman in partnership with Officeworks has provided Small Business’ with tips to help prepare for the end of financial year. Take advantage of the small business $20,000 asset write off Two years after it was first introduced, one of the best tax breaks for small business remains the $20,000 instant asset write-off and with many businesses offering End of Financial Year promotions, now is the ideal time of year for businesses to...

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Industry Specific Tax Tips

Australia’s leading tax accountants, H&R Block, have partnered with Officeworks to help Australians take the stress out of end of financial year and identify opportunities to maximise their tax refund. Mindful that the rules and regulations vary across industries, H&R Block Director of Tax Communications, Mark Chapman, has summarised some key industry specific information around deductions to help Australians understand what they’re entitled to claim when submitting an individual tax return. First things first, when claiming a tax deduction you must have spent the money, it must be work-related and you must have the records to support your claim....

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Claiming Checklist – Tax Tips for Tax Time

Australia’s leading tax accountants, H&R Block, have partnered with Officeworks to help working parents take the stress out of and identify opportunities to maximise their tax refund. Mark Chapman, H&R Block Director of Tax Communications, has provided a claim checklist to makes things simple for those submitting individual tax returns: Home office If you work from home, either occasionally or all the time, you are entitled to deductions for costs related to running a home office. In order to claim you will need to keep a diary to work out how much of your running expenses relate to your...

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