To manage your tax and super on the go the Australian Taxation Office (ATO) have created an app that you can download and install on your mobile device. Download the ATO app The app is free to download and use…
How crypto assets work Crypto assets are a digital representation of value that you can transfer, store or trade electronically. This also includes non-fungible tokens (NFTs). Crypto generally operates independently of a central bank, authority or government. Regardless of this…
While most people do the right thing, a small number of people who engage in refund fraud will be held to account by the Australian Taxation Office (ATO). Examples of refund fraud Refund fraud is when a person claims a…
This year may see many families struggle financially. Since May this year, the RBA has lifted cash rates from 0.1% to 0.85% amid rising inflation and costs. For an increasing number of retirees who have left the workforce with mortgage…
Life after the nine-to-five routine can be equally exciting and intimidating, knowing that you’ll no longer receive a regular income from your employer. While relying on superannuation and the Aged Pension may have once been the norm, with an ageing…
The key areas that the Australian Taxation Office (ATO) will be focusing on when you complete your 2021-2022 Tax Return are: Recordkeeping Work-related expenses Rental property income and deductions; and Capital gains from crypto-assets, property, and shares When determining what…
The end of the financial year for a small business is an important time. There are many things to complete such as bookkeeping, tax returns and planning for the new financial year. Learn how to prepare for the EOFY to…
From 1st July 2022, two important Super Guarantee (SG) changes will apply: the rate of SG is increasing from 10% to 10.5% the $450 per month eligibility threshold for when SG is paid will be removed. What does this means…
Repairs and Maintenance The cost of repairs and maintenance may be included in full in your tax return in the year you incur them if both: the expense directly relates to wear and tear or other damage that has occurred…
If you have not lodged your 2021 Individual Tax Return by 30 June 2022, Services Australia may stop your access to your allocated Child Care Subsidy (CCS). This will mean that you will have to pay the full cost of…