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...
by Craig | Jul 9, 2022 | ATO, Practice Update, SMSF, Superannuation, Tax Return
ATO’s small business focus for 2022 income year The ATO announced that it will be focussing on the following matters for small business tax returns for the 2021/22 year: Deductions that are private in nature and not related to business income, as well as overclaiming...
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 | May 4, 2022 | ATO, Practice Update, Tax Return
No reduction in the Private Health Insurance rebate as of 1 April 2022 An event that we have become accustomed to every 1 April, is that the amount of the Private Health Insurance (‘PHI’) rebate decreases. The Australian Government rebate on PHI is annually indexed on...
by admin | Oct 16, 2019 | Tax Return
There are a number of reasons why you may still wish to or have to lodge a return even if your income is below the tax-free threshold of $18,200. were entitled to the private health insurance rebate but did not claim their full entitlement as a premium reductionhad a...
Recent Comments