The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property income and deductions, and Capital gains from crypto assets, property, and shares. In general, … Read more
So many changes happening in 2023 for business owners, it’s hard to know where to start, we have compiled a short brief on a few key changes. Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each … Read more
The priority areas for the ATO for the upcoming “Tax Time” 2022 have been announced. The ATO will be focusing on: • Record-keeping • Work-related expenses • Rental property income and deductions, and • Capital gains from crypto assets, property and shares. Not many surprises there. When it comes to the ATO’s focus on record … Read more
