by Craig | Oct 6, 2024 | Assets, ATO, myGov, Tax Time
Avoid a tax time shock Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside throughout the year: let their employer know if they have a study or training support loan, such as a HECS or HELP debt;check they...
by Craig | Feb 3, 2024 | Assets, Deductions, GST, Practice Update, Tax
Government announces changes to proposed ‘Stage 3’ tax cuts Despite previous assurances, and after much speculation, the Government has announced tweaks to the ‘Stage 3’ tax cuts that will apply from 1 July 2024. More particularly,...
by Craig | Nov 1, 2023 | Assets, ATO, NANE Income, SMSF
Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently to help their business recover from COVID-19 or a natural disaster should check if they need to include the payment in their...
by Craig | Aug 6, 2022 | Assets, ATO, Corporate Beneficiaries, Discretionary Trusts, Superannuation, Tax Return
Tax time focus on rental property income and deductions The ATO is focusing on four major concerns this tax season when it comes to rental properties. Concern 1: Include all rental incomeWhen preparing tax returns, make sure all rental income is included, such as from...
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