In our first episode of the new season of talkBIG, we answer one of the most common questions accountants hear during tax season: what expenses "count" as taxable deductions?

Our talkBIG hosts, Andrew, Chris, and Young,  discuss the "golden rules" of managing tax deductions. Along the way, they cover the Australian Tax Office (ATO) rules surrounding:

•  travel expenses
•  record keeping
•  COVID-19 payments 
• RAT tests
•  changes to superannuation
• cars
•  clothes
• laundry
• education and training 
• working from home
• holiday homes 
• rental properties

If you've ever been unsure about what things can be deducted when doing your tax return in Australia - this episode is a must-listen!

Thanks for listening! Visit the RSM Australia website to ask the hosts a question.