by Jess de Bomford | Jun 29, 2022 | EOFY, Monthly News
Tax Time Targets 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...
by Jess de Bomford | May 11, 2022 | Monthly News
The 120% deduction for skills training and technology costs It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and...
by Jess de Bomford | Apr 6, 2022 | Other
Don’t Rock The Boat’ Budget 2022-23 This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Download the budget 2022-23 guide here Key initiatives include: A 6 month, 50% reduction in fuel excise...
by Jess de Bomford | Mar 10, 2022 | Monthly News
The ATO’s Attack on Trusts and Trust Distributions Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and...
by Jess de Bomford | Feb 7, 2022 | Monthly News
Year of the Tiger: Roaring or Bellowing? The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned...
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