Don’t Lodge Your 2023 Tax Return Without This!

In the ATO’s Sights this Tax Time

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The ATO has announced its three key focus areas for this Tax Time: ◆ rental property deductions. ◆ work-related expenses; and ◆ capital gains tax. ATO Assistant Commissioner Tim Loh…

Be Prepared “Payday Super is Coming”

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Hello Chasers, The Government has announced that, from 1 July 2026, employers will be required to pay their employees’ superannuation at the same time as their salary and wages. This…

‘Side Hustles’ in the ATO Sights!

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Hello Chasers, The ATO’s Small Business Newsroom recently released an article, accompanied by a media statement, emphasising the ATO’s growing efforts to encompass “new and emerging ways to make money”…

Goodbye Temporary Full Expensing

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Hello Chasers, From 1 July 2023 until 30 June 2024, the Government will temporarily increase the instant asset write-off threshold from $1,000 to $20,000. Small businesses with an aggregated annual…

Last Chance to Claim

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Deductions under ‘temporary full expensing’ are only available in the 2021, 2022 and 2023 income years, and are expected to come to an end on 30 June 2023. Under temporary…