ATO releases tax time hit list for its 2022 priorities

May 16, 2022

Tags: Accountant Sydney, Chartered Accountant, Cryptocurrency, Deductions, Personal tax, Property

The tax deductions and dodgy records to be closely watched by the Australian Taxation Office this year have been unveiled.

Is it time for the decade-old tax free threshold to get bumped up?

Apr 06, 2022

Tags: Accountant Melbourne, Accountant Sydney, Chartered Accountant, Deductions, Personal tax

Income tax doesn't apply for amounts earned under $18,200, and it has been that way for nearly a decade.

SMSF borrowing is 'thriving', but why the sudden popularity?

Mar 15, 2022

Tags: Accountant Melbourne, Accountant Sydney, Borrowing, Chartered Accountant, SMSF, Super

The value of SMSF loans has increased by about 50% in four years, up from $41 billion in 2017 to $65.8 billion in 2021.

Start your tax planning now to maximise deductions

Jul 01, 2022

Tags: Accountant Melbourne, Accountant Sydney, Chartered Accountant, Deductions, Personal tax, Property, Shares, Small Business, Travel

Don’t make the mistake of leaving major tax-deductible purchases to the end of the financial year – the time to act is now, experts say.

Could your tax refund be at risk? ATO issues urgent alert as hackers steal $14,000

May 21, 2025

Tags: 101 Ways, Accountant Melbourne, Calculators, Chartered Accountant, Company tax, Employees, Personal tax, Retirement, Small Business

Tax time is stressful enough without the added worry of cybercriminals making off with your hard-earned refund.

comments-rhsLatest Comments

  • "Yes you show the km allowance as taxable income and then you can also make a claim for your car travel. Under the cents per kilometre method you are limited to the first 5000km. So if you get..."

    By: Mr Taxman at Jun 04, 2025 11:57PM

    Post: Claiming car expenses

  • "No would not be able to claim the Uber home nor to the station the next day. The trip to the off-sit meeting would be claimable."

    By: Mr Taxman at Jun 04, 2025 11:55PM

    Post: Claiming car expenses

  • "Depends on your finance type ... if you takeout a lease then the lease payment forms part of your costs (but no depreciation can be claimed) ... if you takeout a Hire Purchase or a Loan then only the..."

    By: Mr Taxman at Jun 04, 2025 11:54PM

    Post: Claiming car expenses

  • "The cost of the trailer itself could be depreciated - usually over 8 years. Assuming no personal usage with it then 100% of that depreciation plus annual rego could be claimed."

    By: Mr Taxman at Jun 04, 2025 11:50PM

    Post: Claiming car expenses

  • "That would be a non-deductible trip unfortunately Erin"

    By: Mr Taxman at Jun 04, 2025 11:48PM

    Post: Claiming car expenses