Tax

Business Tips, Ideas & Support Articles

Tax

Tax Tips: Renting out your home

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?

Tax

Technology Boost 20% Bonus Tax Deduction

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

Tax

New Working From Home Deduction Rules – Changes to Recordkeeping

Employees who work from home can claim limited deductions against their personal tax for some expenses incurred at home. The ATO has just changed how you calculate and support those deductions. In short, from now on you must have evidence of your expenses and hours worked from home, even for the fixed rate method.

Tax

How to Vary PAYG Instalments

If you have profit or investment income, the ATO may require you to pay quarterly PAYG Instalments based on the previous year. If conditions change, you can vary PAYG Instalments. Here’s how.

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Accounting

What’s in the October 2022 Federal Budget?

The Federal Budget announced on Tuesday night was the second for 2022, and represents the new Government drawing a line under the previous government’s policies. The Budget itself did not present many substantial reforms or initiatives.