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 – May 2023

Practice Update – May 2023

Last chance to claim deductions under temporary full expensing Deductions under ‘temporary full expensing’ are only available in the 2021, 2022 and 2023 income years, and are expected to come to an end on 30 June 2023. Editor: Under temporary full expensing,...

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Practice Update – April 2023

Practice Update – April 2023

New 15% super tax to apply from 1 July 2025 The Government recently announced it will be imposing a 15% additional tax on individuals that have more than $3 million in superannuation. The new measure is expected to commence from 1 July 2025 (i.e., the start...

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Practice Update – March 2023

Practice Update – March 2023

Significant change to claiming working from home expenses Before 1 July 2022, an individual taxpayer that incurred additional deductible expenses as a result of working from home, had a choice of three methods to claim these expenses. These choices were: The...

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Practice Update – January / February 2023

Practice Update – January / February 2023

Super guarantee contributions for the December 2022 quarter A reminder to employers that their December 2022 superannuation guarantee (‘SG’) contributions were due by 28 January 2023. Do not forget the two changes to SG that commenced on 1 July 2022: the...

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Practice Update – December 2022

Practice Update – December 2022

ATO warning to SMSFs: "Paying the price for non-compliance"  There are various courses of action available to the ATO when trustees of self-managed super funds ('SMSFs') have not complied with the super laws, including applying administrative...

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Practice Update – November 2022

Practice Update – November 2022

Director ID deadline is approaching  The Government has launched an awareness campaign to help company directors get their director identification number ('director ID') as the 30 November deadline approaches.   A director ID is a unique...

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Practice Update – October 2022

Practice Update – October 2022

Banking business income to a private account The ATO has stated that it has "no concerns" with business owners banking their business takings or other sales in private accounts, but that this may become an issue when this income isn't reported. Therefore,...

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Practice Update – September 2022

Practice Update – September 2022

More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant programsthat may be tax-free to eligible businesses.A State or Territory Government COVID-19 grant payment will generally be...

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Practice Update – August 2022

Practice Update – August 2022

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,...

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Practice Update – July 2022

Practice Update – July 2022

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...

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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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