Debbie Grace 13/2/24 Debbie Grace 13/2/24

Deductions denied for work-related expenses.

The Administrative Appeals Tribunal ('AAT') recently held that a taxpayer should not be allowed deductions for various work-related expenses, largely because the substantiation requirements had not been satisfied.

Debbie Grace 31/1/24 Debbie Grace 31/1/24

Tax rate change coming into effect from 1 July 2024.

Australian Income Tax Brackets are changing for the first time in five years.

Debbie Grace 10/10/23 Debbie Grace 10/10/23

Choosing the right PAYG instalment method.

The ATO advises that Pay as you go (‘PAYG’) instalments are calculated using either the instalment amount method or the instalment rate method. It recently provided the following two case studies to illustrate the two methods.

Debbie Grace 17/8/23 Debbie Grace 17/8/23

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.

Debbie Grace 15/6/23 Debbie Grace 15/6/23

Technology Investment Boost due to end 30 June 2023.

Last year the previous Coalition Government announced a Technology Investment Boost as part of the 2022/23 Federal Budget. The Boost was announced to support eligible small businesses by providing an incentive to invest in their digital capacity.

Debbie Grace 13/6/23 Debbie Grace 13/6/23

‘Side hustles’ in the ATO’s sights.

A recent ATO article highlights the fact that it is increasingly trying to bring more modern techniques of money-making into its tax net. ‘Side hustles’ have really grown over the past few years — everything from the gig economy and drop shippers, to content creators and influencers.

Debbie Grace 4/4/22 Debbie Grace 4/4/22

2022/23 Federal Budget: Personal income tax changes.

The latest Federal Budget was announced last week. Here are some of the most important things you need to know for this new financial year.

Debbie Grace 9/11/21 Debbie Grace 9/11/21

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.

Debbie Grace 23/9/21 Debbie Grace 23/9/21

Labour commits to income tax cuts and certainty on negative gearing.

The Australian Labour Party has formally announced that, if elected to Government, they will deliver "the same legislated tax relief to more than 9 million Australians as the Morrison Government".