Tax
Whatâs new for individuals tax
29 June
Before you complete your tax return for 2022â23, find out whatâs new and any changes that may affect you. Working from home deduction changes The fixed rate method for calculating your deduction for working from home expenses has been...[Read More]
Deductions individuals can claim on tax
21 June
Find out which expenses you can claim as income tax deductions and work out the amount to claim. How to claim deductions How to claim income tax deductions for work-related expenses and other expenses, and record your deductions. Cars, transport...[Read More]
Helping employers get it right this tax time
21 June
As tax time approaches, you should start preparing to meet your annual tax and super obligations. Weâve kick-started the process by pulling together a list of key hints to help you keep on top of things: Single Touch Payroll (STP)...[Read More]
Steps to Building an Emergency Fund and Why You Need One
15 June
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]
ATO latest scam alerts
15 June
Be wary of emails, phone calls and text messages claiming to be from the ATO. If you think a phone call, SMS, voicemail, email or interaction on social media claiming to be from the ATO is not genuine, do not engage with it. You should...[Read More]
Tax office targets working from home deductions
15 June
The fixed rate method for calculating your deduction for working from home expenses has been revised. The revised fixed rate method is $0.67 per work hour and available from 1 July 2022. The fixed rate method has been revised to: increase the...[Read More]
Aussies warned against âsinister scammersâ at tax time
7 June
Australians are being urged to remain vigilant for ââsinister scammersâ at tax time, with almost 20,000 suspicious reports made in the past year. The Australian Taxation Office (ATO) has already received 19,843 reports of scams in the 2022-23...[Read More]
End of financial year tax tips
1 June
July 1st is fast approaching, and we all know what that means. Yes, itâs tax time. Unfortunately, filing taxes can be a laborious, frustrating, time-consuming, and somewhat overwhelming process for some of us. However, for others, filing their...[Read More]
Climate economy pact ushers in new era for Aussie firms
24 May
Australian companies will get their hands on massive tax breaks for joining the clean economy, without having to move to the United States. The new agreement signed with the US will put advanced manufacturers, hydrogen producers and critical mineral...[Read More]
Super health check
17 May
Use this checklist to review the health of your super in 5 easy steps. Why you should review your super Your super is one of the biggest assets youâll accumulate in your lifetime. However, many Australians think they donât need to worry about...[Read More]
Stage three tax cuts blow bigger hole in budget: Greens
17 May
The stage three income tax cuts will cost the budget $313 billion over the next decade, according to new costings commissioned by the Greens. That is 23 per cent higher than the previous estimate of $243b, which was not included in the federal...[Read More]
Why time is running out for hybrid vehicle tax discount
10 May
Australian motorists have less than two years to claim a tax discount on hybrid vehicles before it is removed in a budget restriction expected to save the federal government $30 million. The cost saving was revealed in budget documents on Tuesday...[Read More]
Super tax tweak to slug top 10pct, Treasury docs reveal
26 April
A 20-year-old earning an average wage â about $90,000 a year in todayâs terms â is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury...[Read More]
Cyber safety checklist for small business owners
26 April
As a small business owner, protecting your systems from cyber security threats is essential. There are some simple things you can do to keep your business and client data safe from cybercriminals. Here are our top 5 tips to keep your data...[Read More]
Sparks are flying this coming FBT year
19 April
As an employer, you previously needed to pay fringe benefits tax (FBT) on electric cars provided to your employees. From 1Â July 2022, you no longer need to pay FBT on benefits provided for eligible electric cars and associated expenses. Getting...[Read More]