Our Recent Blogs
Changes to GIC Deductions Pass Parliament
On 26 March 2025, Parliament passed amendments that will deny taxpayers the ability to claim deductions for General Interest Charge (GIC) and Shortfall Interest Charge (SIC) starting 1 July 2025.
Deductions for Financial Advice Fees
The ATO has provided guidance about when an individual not carrying on an investment business may be entitled to a deduction for fees paid for financial advice.
ATO's Tips for Correctly Claiming Deductions for Rental Properties
Taxpayers who have work done on their rental property should consider the following factors in determining claims for expenses.
Change to Deductions this Tax Time.
Taxpayers who are small business owners operating from home, or who use a vehicle for business purposes, need to be aware of some changes when claiming deductions this tax time.
Further extension on work-from-home shortcut method.
The Australian Taxation Office has confirmed it will, yet again, extend the work-from-home shortcut deduction method until the end of June 2022.