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Downsizer Super Contributions

Join Our Newsletter Success! Email Subscribe Super downsizer scheme essentials Under the superannuation downsizer scheme, people aged 65 and older can make a non-concessional (post-tax) contribution of up to $300,000 from the proceeds of selling what was once their...

No Deductions for Non Compliant Payments

Removing tax deductibility of ‘non-compliant’ payments From 1 July 2019, businesses will only be able to claim deductions for payments that are made to workers (employees or contractors) when the employer has complied with the pay-as-you-go (PAYG) withholding and...

Records for Work Related Expenses

Records for claiming work-related expenses When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully claim a deduction for work-related expenses, it’s...

Laundry Claims hung out to dry

ATO expects many laundry claims will be hung out to dry This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to — and which you should approach with caution when claiming these deductions. For example, the ATO has...