Ato

Fuel tax credit changes

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022.

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Fuel tax credit changes
( 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 )

Immediate Deductions Extended

Legislation passed by Parliament last month extends the Temporary Full Expensing rules to cover assets that are first used or installed ready for use by 30 June 2023.

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Immediate Deductions Extended
( Posted in: Tax )

Professional Services Firm Profits Guidance Finalised

The Australian Taxation Office’s finalised position on the allocation of profits from professional firms starts on 1 July 2022.

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Professional Services Firm Profits Guidance Finalised
( Posted in: Tax )