Taxation

If you own a rental property, holiday home or short-term accommodation property, it is important to understand what income needs to be declared and which expenses can be claimed. The ATO has recently released updated guidance for rental property owners, including...

A new financial year is the perfect time for small businesses to reset, review their records and make sure they are starting the year on the right foot. The ATO has released its 2026 Tax Time toolkit for small business, with a focus on helping business owners prepare,...

The Australian Government has announced that the $20,000 Instant Asset Write-Off (IAWO) for small businesses will be extended until 30 June 2026. This extension is great news for eligible businesses wanting to invest in new equipment or assets to help their operations...

Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in tax returns matches up. The Australian Taxation Office (ATO) has initiated two data matching programs...

Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.   1. Keep team gifts spontaneous   $300 is the minor benefit threshold for FBT so anything at or above this level will mean that...