Is Your Family Home Really Tax-Free? The main residence exemption means your family home is usually exempt from capital gains tax (CGT) when you sell it. But, as with most tax matters, it’s not...
What do you need to support your tax deductions
Wednesday May 29 2024
What happens when your evidence doesn’t match your tax position? A case which recently appeared before the Administrative Appeals Tribunal (AAT) highlights why ensuring you have adequate evidence for...
Self Education: Which expenses are claimable?
Wednesday February 21 2024
Self-education: What can you claim? Knowing what you can and can’t claim is important. That’s why we’re providing a run down on the latest draft ruling by the ATO which outlines what you can and...
Redrawing Investment Loans - think before you act
Wednesday January 24 2024
Redrawing investment property loans – something to think about Do you have an investment property loan? For refinanced or redrawn loans, there has been a significant increase in ATO...
Food - Where is the GST line drawn
Wednesday January 17 2024
Food – the fine line between GST-free and taxable Chobani yoghurts – the Chobani ‘flip’ range is taxable but their plain yoghurts are GST-free. Why is this the case? The AAT has recently updated...
‘Electrifying’ your business may incur a $20k deduction
Wednesday December 13 2023
Have you heard of the small business energy incentive? It’s the latest incentive which provides a bonus tax deduction for small and medium businesses, gearing us towards greater energy efficiency. Gon...
FBT 2023 - What's new, what's updated and what's in the spotlight
Friday March 17 2023
FBT 2023 – What’s new, what’s updated and what’s in the spotlight. The Fringe Benefits Tax (FBT) year ends on 31 March. As in every year there are some new hot spots for employers...
Working From Home - The new rules for 2023
Thursday March 02 2023
Working from Home, what do I need to know for 2023 and onward? The Australian Taxation Office (ATO) has long accepted that some taxpayers do work from home. Since 2001 approved hourly...
120% Training and Technology Boost.
Monday September 12 2022
The 120% deduction for skills training and technology costs may be here after all! The New Government has reinvigorated the 120% skills training and technology costs deduction for small and medium...
Tax and the Family Home
Friday August 26 2022
Tax & the Family Home We all know you don’t pay tax on your family home when you sell it…or do you? We take a closer look at the main residence exemption that excludes your home from capital...