Tax Time 2023: lodgement period underway

Tax Time 2023: lodgement period underway

Taxpayers with uncomplicated financial affairs have been given the green light to lodge their tax returns by the ATO. Will you get a refund this year? With only a little more than a month into tax time, the ATO has given the green light for taxpayers with...
ATO targets: tax time 2023

ATO targets: tax time 2023

This tax time, the ATO will be targeting loan interest expenses, working from home deductions, and CGT on main residences also used for income-producing purposes. With the end of the financial year fast approaching, the ATO has again released the areas it will be...
Cheaper childcare on the horizon

Cheaper childcare on the horizon

Families with children in care arrangements could soon see the benefits of cheaper childcare with the passing of the government’s childcare subsidy reforms. Families struggling with the current cost of living crisis could soon have some relief with cheaper childcare...
Tax records education direction now in place

Tax records education direction now in place

The ATO can now issue a tax-records education direction which will require an entity to complete an approved record-keeping course in lieu of a penalty. Late last year, the Treasury Laws Amendment (2022 Measures No 2) Bill 2022 passed Parliament and received Assent....