Author: Phillip

Tax Time Toolkit

The ATO have a range of updated fact sheets on common deductions for taxpayers, including working from home, car expenses, and self-education expenses. The toolkits also include information on keeping records forwork-related expenses. Use our toolkits as an educational resource to guide conversations with us. Occupation and industry guides Common work related deductions and record […]

Rental Interest

Claim rental property interest correctly Rental interest deductions are one of the most common things not claimed correctly. If you bundle rental property loan and include personal items, such as a car or holiday: You also need to apportion claims for interest expenses:

Super Guarantee

The super guarantee rate is increasingThe super guarantee (SG) rate will increase from 10.5% to 11% on 1 July 2023. Update your payroll systems to align with this change. The new rate will apply to payments made to workers on or after 1 July 2023.

ATO Taxtime Targets

Four priorities for the ATO this tax time The Australian Taxation Office (ATO) has announced four key focus areas for Tax Time 2022. The ATO will be focusing on: record-keeping work-related expenses rental property income and deductions, and capital gains from crypto assets, property, and shares. These ATO priority areas will ensure that there is […]