Reading Room - Bookkeeping
From the 2026-27 income year employees and sole traders can claim a flat $1,000 deduction for work-related expenses without keeping a single receipt.
Superannuation contribution caps have increased offering an opportunity to build retirement savings or reduce taxable income through super contributions.
If you employ staff, Payday Super affects you directly and immediately – employers must now pay superannuation guarantee within 7 business days of each payday.
Understanding where the ATO is focusing attention is the best way to lodge a return with confidence and avoid a time-consuming compliance review.
Budget business measures include permanent extension of the instant asset write-off, the reintroduction of loss carry-back and reforming the R&D Tax Incentive.
The Federal Government's Electric Car Discount is now under formal review. But changes could occur as early as this year's Federal Budget.
The ATO has released a draft ruling that changes how inherited homes are treated for capital gains tax (CGT). What are they and will they impact your family?
For the first time in Australia's history, parents receiving Government-funded Paid Parental Leave will also receive superannuation contributions on those payments.
A recent decision of the Administrative Review Tribunal highlights the importance of documentation and evidence when it comes to tax planning.
