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What’s changing on 1 July 2022?

A series of reforms and changes will commence on 1 July 2022. In this article we look at what’s coming up for businesses and individuals.

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 What’s changing on 1 July 2022?
( Posted in: Tax )

The 120% deduction for skills training and technology costs

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction.

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The 120% deduction for skills training and technology costs
( Posted in: Tax )

Why Is End Of Year Planning So Important?

Business planning is a key element to success.  Businesses with a formal business plan perform far better than those that don’t, and with good reason.  If you know where you want to get to, there is far more chance of getting there with a plan.

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 Why Is End Of Year Planning So Important?
( Posted in: Tax )

2022 End Of Financial Year Checklist

Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do that, you need to know where to start. Here are some of our top tips for businesses and individuals when it comes to year-end tax planning.

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 2022 End Of Financial Year Checklist
( Posted in: Tax )

Last Chance To Apply As COVID-19 Tax Deduction Deadlines Approach

Tax deductions introduced by the Australian Taxation Office to lessen the impact of COVID-19 are approaching the end of their eligible timeframe.  To ensure that you or your business do not miss out, here are some of the deductions you could claim at the end of this financial year (if eligible).

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 Last Chance To Apply As COVID-19 Tax Deduction Deadlines Approach
( Posted in: Tax )

It’s 2022 fringe benefits tax time

It’s 2022 fringe benefits tax (FBT) time! In this article we outline some of the things you need to be aware of to help you lodge.

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It’s 2022 fringe benefits tax time
( Posted in: Tax )

Are your donation claims tax-deductible?

The ATO have advised to check your paperwork before claiming deductible contributions.

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 Are your donation claims tax-deductible?
( Posted in: Tax )

The ATO Focus On Working From Home Expense Claims | Income Tax Returns

Pat Mannix talks about Working From Home Expense Claims. What are the ATO rules on this? What home office expenses can I claim on my tax return? What are my options? Pat answers all of these questions in this informative short video.

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The ATO Focus On Working From Home Expense Claims | Income Tax Returns
( Posted in: Tax )