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Working from home expenses: new fixed rate

11th Mar, 2023

A new revised fixed-rate method for calculating working from home expenses will soon apply. From 1 July 2022, employees who …

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Upcoming FBT-related changes

11th Mar, 2023

Employers that have provided FBT car parking benefits for the 2022–2023 FBT year should be aware that the ATO has …

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ATO targeting private not-for-profit schemes

11th Mar, 2023

As a part of its ever-tightening compliance net, the ATO has recently announced it is targeting specific tax avoidance behaviour …

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Outcomes of quality of financial advice review

11th Mar, 2023

In a bid to increase the accessibility and affordability of quality financial advice, the government had previously ommissioned a report …

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Superannuation tax break changes

11th Mar, 2023

In an attempt to repair the Federal Budget and lower the overall national debt, the government is seeking to introduce …

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Non-deductible threshold removed for self-education expenses

17th Feb, 2023

Self- education expenses are generally tax-deductible for individuals if there’s a sufficient connection with your income-producing activities.However, until new legislation …

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