2022

Reading Room - 2022

Shuffling the Deck: 2022-2023 Budget 2.0

27 Oct, 2022
There is nothing in this week's Federal Budget that would create a UK-style crisis. Discover what's in it for individuals, families, employers, pensioners and businesses.
Man sitting at a desk chatting to a colleague via video conference

Working from home deductions: Claiming methods and common myths

11 Aug, 2022
The ATO has updated its guidance on claiming deductions for working from home expenses. Taxpayers must genuinely be working from home to fulfil their employment duties or be carrying on a business activity in order to claim deductions.
Image of single gold bitcoin with blurred computer screen in the background

Cryptocurrency and capital gains tax: When do you pay tax?

11 Aug, 2022
In most cases, people acquire crypto as an investment, even if it is sometimes used for purchases. Generally, a CGT event occurs when disposing of cryptocurrency.
A man and two women dressed for work

Work-related expenses and tax deductions - the 3 "golden rules"

11 Aug, 2022
With tax season upon us, it is important to revisit rules relating to work-related deductions that can be claimed on your income tax return. There are three ‘golden rules’ when claiming tax deductions.
Two cubes with the numbers 2 and 3. The second cube is changing from 2 to 3.

What changed on 1 July 2022 - For business and individuals

11 Aug, 2022
We summarise the main changes to taxation and superannuation for individuals and businesses from the beginning of the 2022-2023 financial year.

Record keeping 101: You can't claim it if you can't prove it

03 Aug, 2022
The fundamental aspect of Record Keeping 101 is that you can’t claim it if you can’t prove it. If you are audited, the ATO will disallow deductions for unsubstantiated or unreasonable expenses.
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