Rent or lease payment changes due to COVID-19
Rent or lease payment COVID-19 changes The ATO has provided updates regarding the tax implications when a landlord gives, or a tenant receives, rent concessions (such as waivers or deferrals Read More…
Cryptocurrency tax obligations
Cryptocurrency under the microscope this tax time The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Read More…
Family trust elections
Review your family trust elections to get your tax right A family trust for tax purposes is one whose trustee has made a valid family trust election (FTE). The FTE Read More…
Home office expenses rate extension
Shortcut rate for claiming home office expenses extended The ATO has again extended the ability to utilise the ‘shortcut rate’ for claiming home office running expenses to 30 June 2021. Read More…
WA Bushfires 2021
If you’re facing problems with your tax affairs due to bushfires, the ATO will work with you to get things back on track. Depending on your circumstances, they may: give Read More…