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Record Keeping: ATO on the war path
Careful record keeping is a must in order to prepare an accurate tax return and support the claims you make. Generally speaking, if you claim a deduction, you must have records to show how you calculated your claims. Records are usually a receipt from the supplier of...
Superannuation Update – Winter edition
In this quarter's superannuation update... Reminder: employers note that the super guarantee rate increased to 12% as of 1 July 2025. Insight: We take a look at some suggested figures for a 'modest' and a 'comfortable' retirement lifestyle, the difference between...
ATO impersonation scam warning
With tax time, comes a rise in opportunistic ATO impersonation scams. The Australian Taxation Office (ATO) has issued a warning regarding a significant increase in scam activities during this period. While scams generally do tend to rise at this time of year, the ATO...
EOFY Property Tax Deductions
As end of financial year approaches, Australian property investors must finalise their tax returns, encompassing individual and business obligations based on their structure. To maximise tax benefits, property investors should ensure all eligible deductions are...
EOFY Important Actions & Tips
Reduce your tax exposure. Maximise opportunities. Reduce your risk of audit. With the end of the financial year fast approaching, this update will help you with these end of financial year goals. What's new 1. Medicare levy low-income threshold The Medicare levy...
Working From Home Deduction
One of the most-claimed work-related expenses each year is a working from home deduction, especially in the last few years. In 2024, more than 10 million people claimed a work-related deduction, and many of those claimed a deduction related to working from home. As...
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