tax deductions Archive
Tax
A recent tribunal decision confirms that most medical treatments are private expenses and not deductible, even for disability pension recipients. Learn the nexus test, common pitfalls, and planning tips before you claim.
Property
A loan interest tax deduction is only available if borrowed funds are used for income-producing purposes. This article explains how redraw and offset accounts affect deductions and outlines common mistakes to avoid.
Tax
From 1 July 2025, ATO interest charges like GIC and SIC will no longer be tax-deductible. Learn how this affects your tax planning and what you can do to minimise the impact.
Tax
From air fryers to swimwear, the ATO is cracking down on work-related deductions that don't pass the test. Find out what to avoid and how to stay compliant.
Tax
The essential 30 June guide highlights key opportunities to maximise deductions and outlines risks to avoid ATO scrutiny. Learn how to bring forward deductible expenses, bolster superannuation, make charitable donations, and ensure compliance with tax regulations.
Tax
Discover how leveraging Fringe Benefit Tax in Australia for phones and internet can enhance your company's benefits package. Learn key strategies and tips in our guide!
Small BusinessTax
According to new guidelines issued by the Australian Taxation Office, small businesses that pay accountants or bookkeepers to apply for tax-exempt COVID-19 grants on their behalf will not be able to claim tax relief for the service.
PropertyTax
The ATO has issued a warning to property investors this tax time following rental income and deduction errors found in over 70 per cent of tax returns audited last financial year.
