Our Blog

We aim is to keep you up to date with the latest developments – to help you plan your business and individual tax.

Practice Update – June 2022

Practice Update – June 2022

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...

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Practice Update – May 2022

Practice Update – May 2022

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...

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Practice Update – April 2022

Practice Update – April 2022

2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year by $420. The LMITO is a...

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Practice Update – March 2022

Practice Update – March 2022

Tax deductibility of COVID-19 test expenses After much speculation, the Government announced that COVID-19 tests, including Polymerase Chain Reaction (‘PCR’) and Rapid Antigen Tests (‘RATs’), will be both: tax-deductible; andexempt from FBT; broadly where...

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Practice Update – January & February 2022

Practice Update – January & February 2022

ATO support for businesses in difficult times  The ATO has reminded taxpayers that it has a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial...

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Practice Update – December 2021

Practice Update – December 2021

Super is now following new employees  The ATO is reminding employers that, as of 1 November 2021, there is an extra step they may need to take to comply with the choice of super fund rules.  If a new employee does not choose a super fund, most employers...

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Practice Update – July 2021

Practice Update – July 2021

Super guarantee contribution due date for June 2021 quarter The due date for employers to make super guarantee contributions for their employees for the June 2021 quarter is 28 July 2021. Note that the super guarantee rate in relation to salary and wages...

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Practice Update – June 2021

Practice Update – June 2021

Cryptocurrency under the microscope this tax time The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars. ATO data analysis shows a dramatic increase...

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May 2021 – Practice Update

May 2021 – Practice Update

Government proposal to modernise business communications The Government has committed to modernising certain laws so that they are 'technology neutral' to enable easier communication between businesses, individuals and regulators. The first phase of...

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April 2021 – Practice Update

April 2021 – 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...

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Additional REsources

Links to Important Tax Documents & Articles we’ve Created for your convenience

 

Contact Us

We are based in Highett, 16km from Melbourne CBD

admin@casaccountants.com.au

Phone: (03) 9553 3800

Office Location

328 Highett Road Highett VIC 3190

Mailing Address

PO Box 94 Highett VIC 3190

Office Hours

Monday – Friday: 9am to 5pm

After Hours

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