HECS-HELP rate spike to 3.9% from June
On 1 June HECS-HELP debt is going to get bigger because the Higher Education Loan Program (HELP) — previously known as ‘HECS’ — is tied to inflation.
Read more
Farm Succession – When the Planets Align
This year when considering your annual tax planning, it is more important than ever for multi-generation farming and grazing enterprises to be thinking about what their future is to look like and how the possible scenarios for farm succession could be planned for, in the most financially effective way.
Employee COVID-19 tests now tax deductible
From 1 July 2021, employees can claim a tax deduction for COVID-19 tests that are purchased for work purposes. Find out more about the record-keeping requirements to claim the expense.
Cryptocurrency investing, trading and gifting
If you have cryptocurrency, check out the ATO’s latest tips to avoid errors including key questions to ask yourself at tax time.
Lodgement reminder for CCS and FTB recipients
Child Care Subsidy (CCS) and Family Tax Benefit (FTB) recipients and their partners must lodge their outstanding 2021 tax returns by 30 June 2022 to avoid losing their benefits.
Retirement and housing (homeownership)
Housing (homeownership) is a key factor influencing retirement outcomes — we discuss retirement and several things to consider with regard to housing.
Changes to granny flat arrangements
New capital gains tax exemption will make it easier for older Australians to enter formal granny flat arrangements with the added protection from possible financial abuse if circumstances within the family change.
ATO work related expense claim reminder
With EOFY fast approaching, it’s best to reach out to us sooner rather than later to talk through deducting your work-related expenses correctly, and any steps you need to be aware of before 30 June.