Tax time focus on rental property income and deductions
The ATO is focusing on four major concerns this tax season when it comes to rental properties. Concern 1: Include all rental income When preparing
Robert Bauman
21/08/2022
The ATO is focusing on four major concerns this tax season when it comes to rental properties. Concern 1: Include all rental income When preparing
Have you been burning the midnight oil in your office to finalise bookkeeping tasks or work on your business financial administration recently just so you
Taxpayers are reminded not to make the mistake of ‘double dipping’ on deductions (that is, claiming expenses twice) in their tax return this year. Some
We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. However, in times of crisis
Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for
An event that we have become accustomed to every 1 April, is that the amount of the Private Health Insurance (‘PHI’) rebate decreases. The Australian
The ATO has reminded that it has a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges
Low Income Tax Offset The low income tax offset (LITO) will continue to apply for the 2021-22 income year. Australian tax resident individuals whose income
Tax Rate For the 2021/22 year, the reduced corporate tax rate has been reduced to 25%, down from 26%. Eligibility for the reduced corporate tax
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