Lauren Evans

Have you ever thought about renting out your house as a short-term rental on a platform such as Airbnb or Stayz or through an agent? Whether it’s a new job interstate or overseas, a long holiday, financial troubles or a family member in need of a carer, there are plenty of reasons why a homeowner might leave their home (known here as the ‘principal place of residence’ or PPR) to move elsewhere for a period of time. Sounds simple right? But; you could end up being liable for more than you bargined for without the right planning. There is never a

Under the technology boost, small businesses may be able to access a bonus 20% tax deduction on eligible technology expenses and depreciating assets which are used to digitise their operations. Dates: for expeneses incurred between 7:30 pm AEDT 29 March 2022 to 30 June 2023 (note there from 29 March 2022 – 30 June 2022 would normally fall into the 2022 tax return however the bonus for that income year should be claimed in 2023 tax return) Limits: Bonus deduction is limited to $20,000 per year (ie on expenses up to $100,000 pa). That is; 7:30 pm AEDT 29 March 2022 to 30 June 2022 –