Rental property owners: Top 10 tips to avoid common tax mistakes The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with…
Of course these days pre-filling takes care of a lot of the “paperwork”, and if you wait until late-July or mid-August the ATO’s systems will most likely be able to…
The Government has decided not to go down the austerity path, which will be a relief for many taxpayers and businesses. Rather, the Government has decided to put its foot…
EOFY tips for your tax plan The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to…
The Federal Budget measure allows businesses to fully write-off eligible assets. Just to recap, businesses with aggregated annual turnover of less than $5 billion will be able to deduct the…
A capital gains tax (CGT) event occurs when you dispose of your cryptocurrency. A disposal can occur when you: sell or gift cryptocurrency trade or exchange cryptocurrency (including the disposal…
Expenses that can be claimed If you work from home, you will be able to claim a deduction for additional running expenses incurred, which may include: electricity expenses associated with…
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income. For rental properties, if…
As a small business owner, you're likely always looking for ways to achieve more. Maybe you made a New Year's resolution about it. You might have resolved to make more…
Are you starting a business? Which is the right business structure for you? Start up businesses need to make one important decision from the outset – what type of business…