2026 Federal Budget - Tax-related topics: (Below is new policy announcement - not yet legislated as law) Personal...
Business Articles
Income Tax Rates
TAXABLE INCOME Tax (not including 2% Medicare levy) $0 – $18,200 0% (tax-free threshold) $18,201 – $45,000 15% (down...
Latest tax changes 2025/26
The corporate tax rate for companies are base rated entities is 25% from the 2022 and future years. Work from home...
Small business instant asset write-off extension
From 9 May 2023, the Instant Asset Write-Off threshold is $20,000 (GST inclusive) per asset acquired. This change...
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...