"If I wear this designer suit only for auctions, it’s a deduction, right?" Not quite.
In this episode, Mia and Leo dive into the high-stakes, high-energy world of real estate. Whether you’re a property manager, a sales agent, or a principal, the line between "lifestyle" and "business" can get blurry—and that’s exactly where the ATO starts looking.
Under the guidance of Ben De Rosa from Aevum Accounting, we unpack the ATO’s Tax Time Toolkit to help you keep more of your hard-earned commission and stay audit-proof.
What we cover in this episode:
The Car Logbook vs. Cents-per-KM: Why your commute to the office is "dead money," but your trip to an appraisal is a tax win.
The "Suit" Truth: Why the ATO says "No" to your Italian wool blazer (and what you can actually claim for your wardrobe).
The Commission Trap: The specific rule that determines if you can claim those settlement gifts and letterbox drops.
Tech & Tools: How to correctly depreciate your cameras, drones, and iPads without triggering an audit.
The "Naughty List": Why grooming, fines, and home office snacks will never make the cut.
Stop relying on "lunchroom lawyer" advice and get the facts. Tune in to ensure your financial foundation is as solid as the properties you sell.
Connect with Aevum Accounting:Visit our website at aevumaccounting.com.au to download our occupation-specific tax guides or to book a consultation with Ben and the team.