Tax Archive
Property
The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims.
Tax
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
Tax
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
Tax
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
Small Business
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects tax, superannuation, and other obligations such as workers compensation insurance, as well as the worker's entitlements.
Tax
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
Tax
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.
Small Business
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
Financial Updates
Federal Budget October 2022 overview: This budget appeals to families, patients accessing medicines, renters and home buyers, and those in vocational training.
PropertyTax
Income and tax deductions from rental properties is one of the four key areas the Australian Taxation Office (ATO) is focusing on this tax time. It’s an area that’s easy to get wrong, and needs extra care when lodging.
Tax
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.
CryptocurrencyTax
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. Are you eligible to access the 50% Capital Gains Tax (CGT) discount and halve the tax you pay?
