Income Tax

Our New Audit Protection Service

We are pleased to announce the introduction of a new in-house compliance service offering for our clients.   Every year the ATO and other government bodies target individuals, businesses & SMSFs for audits and reviews. If you, or one...

What makes you a target for an ATO audit?

The Australian Taxation Office (ATO) is using sophisticated data-matching programs to cross-check your tax return against information from banks, employers, government agencies, digital platforms and more. If the numbers don’t match, expect follow-up questions — or even an audit....

2023/24 Budget – What does it mean for me?

The government has enjoyed a windfall gain, contributed to by high resource prices and increased taxes due to inflation and higher than expected employment. Most of the extra income has not been spent and has resulted in a forecast...

It is now harder to claim Home Office Expenses

The ATO has issued a new, less generous method for calculating home office expenses and also introduced increased record keeping requirements. The new record keeping requirements apply from 1 January 2023 and the new home office deduction rate applies...
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