Archive | Tax

Happy Tax Season

Tax Time Hints

      The current financial year is almost at an end, and with an election to be held two days later the recently announced federal budget measures will of course have no chance to take effect until sometime into the next financial year, if at all. But in the meantime there are still many strategies […]

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Angry woman sitting at the table with books and laptop over white background. Screaming

Why didn’t I take out that Audit Insurance ?

The ATO has allocated additional resources for audit activity and continue to refine their data matching capabilities, so it’s becoming increasingly likely that you will receive some form of audit, investigation or inquiry from a government agency. If your business or individual return is subjected to a random audit, review or investigation, you are responsible […]

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Winter is Coming

Winter is Coming & so is Tax Time

Winter is coming…it’s the 1st June & that’s a fact. 29 days later it’s the end of the 2016 Financial Year. Why don’t you think about spending some time on these lovely cooler nights making sure your tax planning is right up to date. Are there some deductions you can make before EOFY that will […]

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mydeductions

ATO Free App

myDeductions Are you always on the go? Save time and keep your tax organised with the ATO app’s myDeductions tool. The myDeductions tool makes it easier and more convenient for you to keep your individual income tax-related deductions all in one place. Watch the quick demonstration to see how you can save time and keep your records organised with myDeductions. […]

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Medical Offset

Net Medical Expenses Tax Offset

The ATO has reminded us that the net medical expenses tax offset (NMETO) is being phased out. To be eligible for the NMETO for 2014-15, individual taxpayers must have received an amount of the tax offset in both of their 2012-13 and 2013-14 income tax assessments. The ATO says that if the taxpayer’s 2012-13 notice of assessment shows […]

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