FBT 2023 - What's new, what's updated and what's in the spotlight
Friday March 17 2023
FBT 2023 – What’s new, what’s updated and what’s in the spotlight. The Fringe Benefits Tax (FBT) year ends on 31 March. As in every year there are some new hot spots for employers...
Working From Home - The new rules for 2023
Thursday March 02 2023
Working from Home, what do I need to know for 2023 and onward? The Australian Taxation Office (ATO) has long accepted that some taxpayers do work from home. Since 2001 approved hourly...
120% Training and Technology Boost.
Monday September 12 2022
The 120% deduction for skills training and technology costs may be here after all! The New Government has reinvigorated the 120% skills training and technology costs deduction for small and medium...
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...
SMSF 2022 Year End Considerations
Wednesday June 08 2022
Superannuation & SMSF Year End Action Considerations As the 2022 Financial Year comes to a close SMSF Trustees should start planning for year end to ensure their administration and audit...
Federal Budget 2022 - What it means for us ordinary peope!
Wednesday March 30 2022
Implications for Individuals, Families and Retirees The Low and Middle Income Tax Offset has been increased by $420 per person to a maximum of $1,500 per person. This offset will apply to...
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...