Tax Alert September 2022 With the tax regulator taking a more aggressive approach to tax debts and reviewing work from home deduction rules, tax issues could become a higher priority in 2022-23. Here’s a roundup of some of the latest developments in the world of tax....
How is my insurance taxed? With the cost of living on the rise, it’s more important than ever to have a financial safety net that protects you and your family in case the unexpected happens. Most Australian employees have some form of life insurance, often through...
How to handle a tax debt After taking a softly, softly approach with taxpayers during the pandemic, the ATO has made it clear it will start chasing taxpayers for their outstanding tax related debts. Starting with its aged debt book, the ATO is sending letters to...
Time to adjust the goal posts While the new financial year is a line in the sand that is important from a taxation perspective, it can also be a useful point to take a step back and take stock of the bigger picture – your personal and professional goals. Goals are...
It’s time to prepare for 30 June With the end of financial year fast approaching, now’s the time to make the most of opportunities to maximise super and tax benefits. Superannuation Contributions Concessional Contributions under age 75 The standard limit of...
Tax offset v tax deduction: What’s the difference? This year’s Federal Budget was full of talk about one-off support for households in the form of tax offsets, but most people are a bit hazy on the difference between a tax offset and a tax deduction. Both can help...
