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 | Oct 3, 2023 | GST, PAYG, Practice Update, Tax
Taxpayers need to get their ‘rental right’ The ATO reminds rental property owners and their tax agents to take care when lodging their tax returns this tax time. When preparing their tax returns, taxpayers should make sure all rental income is included,...
by Craig | Jun 3, 2022 | ATO, GST, Tax Return
ATO priorities this tax time The ATO has announced four key areas that it will be focusing on for Tax Time 2022: Record-keeping.Work-related expenses.Rental property income and deductions.Capital gains from crypto assets, property, and shares.Before claiming income...
by Craig | Apr 14, 2021 | ABN, GST, JobKeeper Payment, Practice Update
JobKeeper comes to an end The ATO has advised that the final JobKeeper payment will be processed in April 2021. Enrolled businesses do not have to do anything when the program closes, although they will need to complete their final March monthly business declaration...
by Craig | Apr 15, 2020 | ATO, COVID-19, GST, Practice Update
Coronavirus: Government announces new tax measures The Government has announced a number of economic responses to the Coronavirus (or ‘COVID-19’) pandemic, including economic stimulus packages worth billions of dollars. Some of the key tax measures...
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