Self-education: What can you claim? Knowing what you can and can’t claim is important. That’s why we’re providing a run down on the latest draft ruling by the ATO which outlines what you can and...
Redrawing Investment Loans - think before you act
Wednesday January 24 2024
Redrawing investment property loans – something to think about Do you have an investment property loan? For refinanced or redrawn loans, there has been a significant increase in ATO...
Paid Family and Domestic Violence Leave – New Entitlement Rules
Wednesday January 18 2023
Employees have had an entitlement to unpaid family and domestic violence leave (FDVL) for some time as part of the National Employment Standards (NES). As of 1 February 2023, for larger employers,...
Tax and the Family Home
Friday August 26 2022
Tax & the Family Home We all know you don’t pay tax on your family home when you sell it…or do you? We take a closer look at the main residence exemption that excludes your home from capital...
Cryptocurrency - How does tax apply?
Tuesday August 16 2022
Cryptocurrency If you dispose of an asset - you will need to calculate the capital gain or loss and record this in your tax return. But what is an asset - property, shares, crypto or NFTs,...
Rental Properties in the Spotlight
Monday July 18 2022
Rental Properties in the Spotlight In 2022 the ATO will focus on ensuring that all rental income received is included in taxable income. This includes long and short-term rental, rental...
Work Related Expenses - What to claim and what records you need
Friday July 08 2022
Work Related Expenses – What is under fire for 2022. Every year the ATO identifies priority areas for their attention in the upcoming lodgements. This year (2022) with the end of the COVID...
What if your time is limited and you have a Capital Loss?
Tuesday February 15 2022
Gifting or Disposing of Assets, Investments and Property prior to death In life we make decisions that the benefit of hindsight may prevent us from making. Often when these decisions involve...
Electronic Signing is here to stay
Monday December 13 2021
During the COVID Lockdowns temporary electronic signing regulations were introduced and after several extensions were due to lapse on 31 March 2022. The pandemic has changed the way we do things and...
Strong Identity Strength released for MyGovID
Monday October 25 2021
The MyGovID App has recently been updated to provide the option for individuals to set up a 'Strong' identity strength that includes face verification. Setting up a strong identity strength will...