From our blog...
June 20, 2019
Tax time: what you need to know A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are greater than what is expected. We take a look at the key … Continue reading Your Knowledge – What you need to know this tax time
May 20, 2019
One of main tax related items in the recent Federal Budget related to the expansion of the immediate deduction rules for depreciating assets. The amendments in this area received Royal Assent on 6 April 2019 and are law. There are two major aspects of the changes. Firstly, the legislation increases the immediate deduction threshold for … Continue reading Instant asset write-off threshold and eligibility