Tax
Working from home expenses, what can I claim and how do I claim it?
2 August
Deductions for expenses you incur to work from home such as stationery, energy and office equipment. Eligibility to claim To claim working from home expenses, you must: be working from home to fulfil your employment duties, not just carrying out...[Read More]
Bitter news for beer lovers as tax hits pints and kegs
2 August
Beer drinkers are being warned to brace for more expensive pints as the industry is hit with another tax increase. Alcohol prices are not exempt from rising costs of living and the tax is adjusted twice a year in line with inflation. The latest...[Read More]
Union wants super profits tax to pay for social housing
26 July
One of Australiaâs most powerful unions wants a tax to be slapped on big businesses to pay for social and affordable housing. The CFMEU has called for a super profits tax to bankroll construction and solve the countryâs housing crisis. National...[Read More]
Why you may receive a tax bill
26 July
Common reasons you may receive a tax bill and action you can take to avoid a tax bill next income year. Your tax assessment The statement we issue that explains how your tax assessment is calculated is your notice of assessment (NOA). Your NOA...[Read More]
Changes to small business deductions this tax time
19 July
If youâre a small business owner who operates from home or you use a vehicle for business purposes, you need to be aware of some changes when claiming deductions this tax time. Cents per kilometre method The cents per kilometre method for...[Read More]
Super guarantee contributions due by 28 July
12 July
Remember, super guarantee (SG) contributions for your eligible employees are due by 28Â July. Follow Rickyâs story below to learn more about your obligations as an employer. Ricky operates a florist where he hires multiple employees to help manage...[Read More]
Victorians to pay the countryâs most property taxes
12 July
Victorians are poised to be slugged with the most property tax in the country this year and beyond but NSW wonât be too far behind. A Victorian Parliamentary Budget Office report has revealed Victoria and NSWâs heavy reliance on property taxes,...[Read More]
Amounts you do not include as income in your tax return
5 July
You may receive money that you donât need to include as assessable income in your tax return. You may still need to report these amounts so we can work out your tax losses or eligibility for tax offsets or benefits. Amounts you donât include as...[Read More]
Whatâs new for individuals tax
29 June
Before you complete your tax return for 2022â23, find out whatâs new and any changes that may affect you. Working from home deduction changes The fixed rate method for calculating your deduction for working from home expenses has been...[Read More]
Deductions individuals can claim on tax
21 June
Find out which expenses you can claim as income tax deductions and work out the amount to claim. How to claim deductions How to claim income tax deductions for work-related expenses and other expenses, and record your deductions. Cars, transport...[Read More]
Helping employers get it right this tax time
21 June
As tax time approaches, you should start preparing to meet your annual tax and super obligations. Weâve kick-started the process by pulling together a list of key hints to help you keep on top of things: Single Touch Payroll (STP)...[Read More]
Steps to Building an Emergency Fund and Why You Need One
15 June
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]
ATO latest scam alerts
15 June
Be wary of emails, phone calls and text messages claiming to be from the ATO. If you think a phone call, SMS, voicemail, email or interaction on social media claiming to be from the ATO is not genuine, do not engage with it. You should...[Read More]
Tax office targets working from home deductions
15 June
The fixed rate method for calculating your deduction for working from home expenses has been revised. The revised fixed rate method is $0.67 per work hour and available from 1 July 2022. The fixed rate method has been revised to: increase the...[Read More]
Aussies warned against âsinister scammersâ at tax time
7 June
Australians are being urged to remain vigilant for ââsinister scammersâ at tax time, with almost 20,000 suspicious reports made in the past year. The Australian Taxation Office (ATO) has already received 19,843 reports of scams in the 2022-23...[Read More]