Data could end year-long holiday home tax breaks

21 February

New data collection methods could end the days of short-term rental property owners claiming tax deductions when the home is not being rented. Prime Minister Anthony Albanese has vowed to raise the issue of the owners of holiday rentals or Airbnbs...[Read More]

Outgoing ATO boss calls for greater tax office powers

21 February

The outgoing head of the ATO has called for the tax office to have the power to collect evidence as part of criminal investigations. In a speech to the National Press Club, ATO commissioner Chris Jordan said the organisation should be given powers...[Read More]

PM delivers big pitch on tax cuts as crucial vote nears

14 February

Anthony Albanese has laid out his pitch for revamped income tax cuts as the changes reach a major hurdle. The prime minister told parliament the tax changes would not leave people behind, saying the measures represented meaningful change. “We want...[Read More]

Stamp duty costs climb as home buyers struggle to save

14 February

Saving for a house deposit is hard enough but it turns out other associated costs are soaring too, making home ownership more elusive. States and territories charge buyers stamp duty on most property purchases. The tax is up to six times more...[Read More]

Tax cuts all but assured as coalition backs changes

7 February

Low and middle income earners have been guaranteed extra relief, with bipartisan support secured for changes to income tax cuts. Opposition Leader Peter Dutton said he would not stand in the way of those doing it tough and in need of tax...[Read More]

Almost two in three voters back tax changes, poll shows

7 February

Voters have voiced approval for looming changes to tax cuts, but federal politicians are doing their best to play down the polling. Almost two in three people surveyed by Newspoll said the prime minister made the right decision to amend stage three...[Read More]

The top 5 advantages of home ownership

28 December

Your decision to purchase a new house is a significant life event, and the thought of becoming a homeowner might be a little intimidating. However, homeownership brings with it several advantages, including the freedom to design your home as you...[Read More]

Cars will need to be twice as green to avoid luxury tax

13 December

Motorists will have to choose cars that use half as much fuel to avoid a vehicle tax in future after changes in a federal budget update. The Luxury Car Tax reforms, announced in the government’s mid-year budget on Wednesday, will mean only...[Read More]

Taxpayers cop fines after using unregistered tax agent

13 December

An unregistered tax accountant exposed her clients to fines and unexpected tax bills after unlawfully lodging hundreds of returns filled with dodgy deductions. Perth-based Jessa Van Stroe, who is also known as Jessa Layola, was not registered with...[Read More]

Tried-and-Tested Tax Planning Strategies for Small Businesses

7 December

Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit.   With a small business tax planning strategy, you can increase profits...[Read More]