Rental property owners can get regular ATO attention on “initial repairs”
The ATO frequently re-focuses its attention on claims that investment property owners make for repairs to rental residences that it deems to in fact be…
The ATO frequently re-focuses its attention on claims that investment property owners make for repairs to rental residences that it deems to in fact be…
A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that you should keep in mind for work-related or business…
The simplified depreciation rules are attractive for small businesses as they allow an immediate write-off for assets costing less than $20,000. In contrast, tax paying…
A debt to a business that is unpaid and deemed to be a “bad” debt can be an allowable deduction as long as it was…
The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain…
Gumtree or Facebook group sourced assets, and the realities of making a claim A recent case before the Administrative Appeals Tribunal (AAT) brought into focus…
Updated data applied to small business benchmarks The ATO has updated its small business benchmarks with information from key financial ratios drawn from information provided…
You may not get many clients who can use this tax offset, but one day you may very well get one in the door who…
The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how we transact. Think…