Tax Information

Important Changes to the Way Working from Home Deductions are Claimed for 2023

Here are some of the latest developments in the world of tax.

Tax compliance, higher fines in spotlight

The Government has opened submissions for a 120 percent deduction for tech and training investment, bringing previous Federal Budget announcements one step closer to becoming reality

The Serious Financial Crime Taskforce and Australian Federal Police (AFP) have executed numerous warrants against suspects, with a GST fraudster recently jailed for three years

The tax office estimates it’s missing out on around $1.5 billion due to over-claiming of rental property expenses and omission of rental income

As we move towards a cashless society and transact more online, it’s becoming easier for the ATO to follow the money trail.

The ATO is currently refreshing its approach to the traditional fixed rate method of calculating work from home deductions

With attempted GST fraud on the rise and certain family trust payments under a cloud, the tax regulator is stepping up scrutiny of more transactions

A balancing act Billed as a Budget for families with a focus on relieving short-term cost of living