The corporate tax rate for companies are base rated entities is 25% from the 2022 and future years. Instant...
Business Articles
Small business instant asset write-off extension
On 9 May 2023, as part of the 2023–24 Budget, the Australian Government announced it will improve cash flow and reduce...
New Work From Home Deduction Rules
NEW WORK FROM HOME DEDUCTION RULESFrom 1 July 2022, there are only two ways to claim deductions for ‘working from...
Calculating the cost base of real estate
To calculate a capital gain or capital loss, you need to know the cost base of your asset. The basic rules are the...
Work-related Travel Expenses
In a general rule, travel expenses which are relevant to gain assessable income are deductible under s8-1 of ITAA to...
Considering An Accounting Software?
Managing your paperwork “more regularly” and “systematically” will surely save you a lot of time and tax...
Running your business
Taxation obligations is important when starting up a new business.If you were employed before you started your...
Starting A New Business
Are you thinking of starting a business?New Business Checklist If you are, there are important factors you need to...
Home Office Deductions – for Employees & Business People
HOME OFFICE DEDUCTIONFor employees:As an employee if you perform some of your work from a home office, you may be...
Depreciation
Expenses deductible over a number of income years Three types of expenses you may incur for your rental property that...
Rental Property Deductions
Rental property expenses deductions: What you can claim: You can claim expenses relating to your rental propertybut...
Low Value Pool – Rental
Low-value pooling You can allocate low-cost assets and low-value assets relating to your rental activity to a...