Blog Archives
Do you have an existing Australian domain name?
.au direct domain names are on their way! If you currently own an Australian domain name a new .au direct domain name will be available to use soon. There are […]
Super guarantee contribution due date for June 2022 quarter
The due date for employers to make super guarantee contributions for their employees for the June 2022 quarter is 28 July 2022. Note that the super guarantee rate in relation […]
Downsizer contributions age changes from 1 July 2022
From 1 July 2022, people aged 60 years and over will be eligible to make downsizer contributions of up to $300,000 per person ($600,000 per couple) from the sale proceeds […]
ATO to target ‘wash sales’ this Tax Time
The ATO is warning taxpayers to not engage in ‘asset wash sales’ to artificially increase their losses to reduce gains (or expected gains). Wash sales are a form of tax […]
ATO updates ‘cents per kilometre’ rate for individuals
The ATO has updated the cents per kilometre rate relating to individual car expenses for the 2023 income year to 78 cents per business kilometre. The cents per kilometre method: […]
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 […]
Planning to continue working from home in 2022-23?
If you normally work in an office, you might not be aware of some of the tax benefits you can claim by working from home! If you are a hybrid […]
Important updates – changes coming into effect from 1 July – do they affect you?
As end of financial year approaches, a range of new initiatives and legislated changes to Australia’s superannuation system come into effect. A lot of these strategies can be really complex […]
Economic Update – June 2022
News of share market declines is spreading far and wide as rising interest rates and inflation both in Australia and Internationally, are noted as contributing to the ‘sell-off’. These events […]
Get ready for super changes from 1 July 2022
As the new financial year approaches, employers need to be aware of two important super changes. From 1 July 2022, employees can be eligible for super guarantee (‘SG’), regardless of […]