Category: Tax

Tax Planning for Individuals

Tax Planning for Individuals

Ideas for Tax planning for Individuals It is important that you ensure you have the correct claims for 2024 to maximise your allowable deductions and minimise your tax payable.  Some…
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Tax Update June 2024

Tax Update June 2024

Tax cuts ease the message of greater ATO oversight Every taxpayer can look forward to a tax cut from 1 July thanks to the centrepiece of the Federal Budget delivered…
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Federal Budget 2024-25: Tax Implications

Federal Budget 2024-25: Tax Implications

Major tax cuts were the centrepiece of the Albanese government’s third Federal Budget, even though the changes have already been announced and legislated. Small businesses can breathe a sigh of…
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Tax Alert Mar 2024

Tax Alert Mar 2024

New controls for ATO Online and tax charges non-deductible Following the use of stolen personal data to access ATO Online accounts, the federal government has tightened the access rules to…
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How fringe benefits tax works

How fringe benefits tax works

What is fringe benefits tax? Fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates.…
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Tax Alert Dec 2023

Tax Alert Dec 2023

The ATO is getting back to business The lenient approach taken by the ATO during the pandemic is over, with its focus now returning to traditional debt collection. With several…
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Rental investor? How to get your tax return right

Rental investor? How to get your tax return right

With Treasury estimating the government misses out on billions in potential tax revenue from rental property deductions and the ATO recently warning extra care is needed when lodging returns with this type of income,…
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