VH Australia

Business Development Advice
Qualified Accountants

5 Things You Could Be Claiming, But Aren’t

Tax returns are difficult, time consuming and a pain in the neck. For many people, qualified accountants are the answer, no matter how expensive they are. However, other people can’t afford to use accountants or tax agents to lodge their tax return, and this can lead to mistakes.

Even if you have lodged your tax return correctly, and have fulfilled all of your legal requirements under Australian law, you still might be losing a lot of money due to an incorrect tax return. You may have forgotten to claim certain work related expenses, or you may have forgotten that you could claim some things altogether. Our top 5 things that people could be claiming on their tax returns, but aren’t, include:

  1. Travel expenses

If you or your employees travel for work, you can claim any travel related expenses. This includes things like aeroplane or bus tickets, accommodation and food. Make sure that you keep any receipts, and note that you can only claim these things if the sole purpose of the trip is business.

  1. Charity donations

A lot of people either don’t realise that they can claim charitable donations on their tax return, or they simply forget to do so. For someone who donates even small amounts to charity every year, it is definitely worth claiming your donations as a tax deduction. Sure, it might not save you a whole lot, but it will lower your taxable income, and it will reduce the amount of tax you have to pay.


Social Media Marketing

A 3 Step Guide to Social Media Marketing

Social media marketing is becoming more relevant to us ever since advancements in communications technology brought about the advent of social media platforms. Social media has become an integral part of our everyday lives from being something that was just a new innovation just over a decade ago.

Entrepreneurs looking to get their feet wet in the world of online business realize the importance of social media marketing but they can find it hard to understand how to start.

There are plenty of questions that may arise in the mind of new entrepreneurs looking to start their social media campaigns.

If you’re looking to start a social media marketing campaign for your business website but you don’t really understand how, here’s a concise 3 step guide for you to help you get started with social media marketing.

Determine Your Star Platform

When you’re beginning to formulate a strategy for your social media marketing campaign, you might be wondering about which social media platforms you should use out of the plethora that exists. Think more along the lines of which platform is relevant for your business.