What will the ATO be Asking about your Holiday Home?
The ATO is concerned people with holiday homes are claiming too many deductions. These are the questions they will be asking to scrutinise claims.
What’s the deal with Working from Home
The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. Whichever method you choose, you need to keep records
How good is ChatGPT at tax?
We were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. Here’s what we found…
Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers may have the way they are taxed on the income they derive from their fame changed by the ITO.
Avoiding the FBT Christmas Grinch!
It’s that time of year to show appreciation for staff and customers. But what happens when gifts trip up FBT at Christmas? Here are our tax-effective tips.
States move on property-based taxes
Shifting revenue-raising from the states to the federal government in the wake of Queensland’s misstep on land tax.
To Cut Or Not To Cut? Stage Three Personal Tax Cuts
Stage 3 tax cuts have been confirmed in the federal budget. From 1 July 2024 there are scheduled to only be three personal income tax rates – 19%, 30% and 45%.
120% deduction for skills training & technology
The 2022-23 Budget proposed a 120% tax deduction for SME expenditure on technology, or skills and training for staff. This has now been adopted by the current Government.
Capital Gains Tax & the family home
We take a closer look at the main residence exemption that excludes your family home from capital gains tax and the triggers that reduce or exclude that exemption.
