With the start of the new tax year upon us, please do not forget about your final tax obligations for 2023. Here is a list of key tax dates for July and August 2023. For most of you, this means finalising your general ledger accounts in order to get the necessary...
Recent proposed changes commenced from the 1st July this year, heralding in the new Financial Year. It’s a very mixed bag of alterations which some will be happy about and some may not. Check them out below in our featured article. If you need help with...
As the current financial year draws to a close, it is time for businesses to consider thevarious tax planning options and strategies available to them. Below are examples of tax saving strategies available to small businesses: Temporary full expensing Temporary full...
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
KEY TAX DATES – APRIL/MAY 2023 It’s the end of March today! As we enter Q4, we have only 3 months to finalise tax planning for this year. Despite the need for tax planning, April and May are also critical months to ensure all your tax lodgments are complete to...
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise...
