Tax rules for work-from-home are changing 2023

The new work-from-home tax rules explained

- February 24, 2023 2 MIN READ

The ATO has adjusted how you can claim your work-from-home tax costs. While most of the COVID health restrictions have now been lifted, a lot of businesses are still operating a hybrid work place where staff have the flexibility to work from home on a regular basis. As a result, the Australian Tax Office has… Read more »

Who's a tax dobber

Who’s a tax dobber?

- July 29, 2022 2 MIN READ

Turning tax dobber on your ex seems to be the ultimate revenge in a relationship breakdown. But its not just ex-partners who dob… Years ago I was chatting with a former tax commissioner about tax cheats and he was saying I would be amazed how many people get dobbed in by an ex-partner (relationship and… Read more »

ATO property investment crackdown

ATO crackdown on property investors

- July 1, 2022 2 MIN READ

Around 8 per cent of Australians own an investment property and this year the ATO will be paying close attention to rental income, deductions, and capital gains. So a couple of housekeeping tasks as we close the financial year. These will make sure you get things right and don’t attract the taxman’s ire. 1. Keep good… Read more »

What's on the ATO hit list this financial year

What’s on this year’s ATO hit list?

- May 20, 2022 2 MIN READ

You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses;  rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »

ATO tax scam warning

Warning from the ATO about a rampant tax scam

- April 29, 2022 2 MIN READ

There’s a new tax scam to be vigilant about and it’s a super easy one to fall for. The Australian Taxation Office (ATO) is urging taxpayers to be vigilant following an increase in reports of fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee, but failing to… Read more »

Australia's Federal Budget 2022

What economists want from tomorrow’s Federal Budget 2022

- March 28, 2022 4 MIN READ

Overwhelmingly, Australia’s top economists would rather the Federal Budget 2022 funds measures to cut carbon emissions than cuts to income tax or company tax. They are also dead against rumoured cuts to petrol tax and the tax on beer. The Conversation’s pre-budget survey of a panel of 46 leading economists selected by the Economic Society… Read more »

Stealth tax rises in Australia

Stealth tax rises are eating into your income

- March 8, 2022 3 MIN READ

Stealth tax rises mean that when the government announces a tax cut, you’ll probably pay the same or more tax anyway. A curious feature of the Australian tax system is “bracket creep”. Taxpayers whose income climbs by no more than prices (inflation) get no increase in their living standards. Instead, they see more and more… Read more »

What is a family trust
Your Life

The principles and benefits of a family trust

- March 3, 2022 3 MIN READ

A family trust can serve a wide range of purposes and be extremely useful vehicles for tax planning, financial planning and investment. The Australia Institute examined ATO data and found that there are more than 800,000 trusts in Australia, with assets totalling more than $3 trillion. One of the reasons for the popularity is that… Read more »