EOFY Tax Planning for Individuals

End of the financial year (EOFY) is an important time, not just for small businesses, but also the individuals. Putting the hard work in each financial year can help you get your personal professional life organised so that you get to kick start the new financial year...

EOFY Tax Plan for Trusts

Trust distributions continue to be an area the ATO focuses on. With this in mind it is more important than ever to ensure that your trust distributions are compliant and effective. 1. Trust distribution minutes Ensure you speak to your tax advisor to ensure your trust...

Get Ready for EOFY

It’s almost the end of the financial year. Time flies when you’re working hard in your business. It’s now time to start wrapping up for the year and looking ahead for the new financial year here in Australia. Here are a few handy tax planning reminders for small...
90% Error Rate in Rental Property Claims


90% Error Rate in Rental Property Claims


The ATO Commissioner, Mr Chris Jordan, earlier this year stated that following ATO efforts, for the first time in almost 25 years, the average work-related claim decreased over the past 2 years.

The ATO & Accommodation Sharing

The ATO & Accommodation Sharing

The ATO have said it will examine the information provided by online platforms like Airbnb, Stayz and others to identify taxpayers who had left out rental income and over-claimed deductions.

Rental Property Travel Expenses

Rental Property Travel Expenses

Rental property investors should check if they fall into one of these exceptions before they lodge and claim for rental travel. If they have already lodged and made a mistake, we encourage them to lodge an amendment.