Maximizing claims and avoiding audits With the end of the financial year on our doorstep, the ATO has announced its three key focus areas for 2022-23 Tax Time – rental property deductions, work-related expenses, and capital gains tax (CGT). To maximise your claims in this area and protect yourself from ATO audits and adjustments, be […]
ATO’s 2022-23 Tax Guide: Maximizing Your Deductions Read More »
The TFE measures are available to support business As Australia looks to get back to work and continue its recovery, the Temporary Full Expensing (TFE) measures are available to support business and encourage investment. Eligible businesses can claim an immediate deduction for the business portion of the cost of most assets in the year they
Temporary Full Expensing (What It Means For You And Your Business) Read More »
ATO have their eyes on unexpected high deductions If you are planning to claim higher than expected deductions during tax time this year then you may expect to come under the watchful eyes of the ATO. Assistant Commissioner Graham Whyte announced the ATO’s ability to check out work-related expense claims has become more sophisticated due
Seven Ways A Tax Deduction Will Not Work Read More »