Taxpayers who operate some or all of their business from home may be able to claim the business-use portion of expenses they incur. These include:
occupancy expenses (such as m...Read MoreRead More
As accountants, we can play a crucial role in helping clients conduct due diligence when purchasing a business. We can assist by thoroughly reviewing financial records, including income and...Read MoreRead More
The ATO has released a fact sheet for employers on FBT obligations when providing an employee with an electric vehicle and associated items for their private use. The fact sheet highlight...Read MoreRead More
There are several ways to potentially reduce land tax, which is a tax levied by state governments in Australia on the value of land owned.
Take advantage of exemptions and concessions: E...Read MoreRead More
The Tax Practitioner Board (TPB) has released an updated practice note on proof of identity (POI) requirements for client verification, TPB(PN) 5/2022. Key updates to TPB(PN) 5/2022 inclu...Read MoreRead More
The full bench of the Federal Court has dismissed the Commissioner of Taxation’s appeal and decided that section 100A of the Income Tax Assessment Act 1936 (ITAA 1936) has no ap...Read MoreRead More
