by kirstyb | Jan 31, 2023 | ATO, Economy, Interest Rates
Interest Rates – They Just Keep Rising… Rising interest rates are on everyone’s mind. But are rising mortgage interest rates something to be scared of? We thought that we would answer some of the more common questions that the team are being asked. What is the best...
by kirstyb | Jan 31, 2023 | ATO, Tax & Accounting
On Thursday 3 November 2022, the ATO announced draft changes to the work from home expense claim methods. Find out what this could mean for your 2022-23 individual tax return What are the key changes proposed? Australian taxpayers looking to claim work from home...
by kirstyb | Nov 30, 2022 | ATO, Business, Small Business
It can be hard to know when to register GST for your business. Were here to break it down in simple terms on what do to. Many businesses in Australia are registered for Goods and Services Tax (GST) however, there are businesses that fall below the $75,000 GST...
by kirstyb | Nov 30, 2022 | ATO, SMSF
A little while ago now, the ATO wrote a letter to boost trustee awareness to SMSF and other trustees about their invest strategies. The reason behind this is to have the objective to raise awareness. ATO’s Objective This did certainly raise many questions to our...
by kirstyb | Nov 29, 2022 | ATO, Business, Business Support, Single Touch Payroll, Small Business
If you haven’t already, you should now be preparing to report the additional information required for Single Touch Payroll (STP) Phase 2. Your digital service provider (for example, Xero) has now released the changes in stages to help you transition to STP Phase 2....
by kirstyb | Nov 2, 2022 | ATO, Housing Prices, Land Tax
The Australian Taxation Office (ATO) has announced income and tax deductions from rental properties is one of the four key areas they are focusing on during tax season. The ATO acknowledges it’s an area of tax assessment that’s easy to get wrong and needs extra care...
