What’s the Deal with Working from Home?

What’s the Deal with Working from Home?

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
Your Knowledge May 2023

Your Knowledge May 2023

INSIDE $20k Small Business Energy Incentive. ‘OnlyFans’ Tax Risk Warning. How content creators are taxed. What deductions can I claim?. When is a side hustle a business?. ATO Rental Property Blitz. Claiming interest and redrawing on the loan. Borrowing costs. Repairs...
ATO focus on rental properties

ATO focus on rental properties

Rental property owners are now one of the ATO’s top targets after it found nine out of ten tax returns reporting rental income and deductions contained at least one error.i The tax office estimates it’s missing out on around $1.5 billion due to over-claiming of rental...
Federal Budget 2022-23 Analysis

Federal Budget 2022-23 Analysis

Budget October 2022: sign of the times In his first Budget, Treasurer Jim Chalmers’ emphasised the three Rs – responsible budget repair and restrained spending, right for the times. For good measure, resilience also got a mention with spending targeted at building a...