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Tax planning should be an ongoing process

For most, tax planning is typically done before the end of the financial year, in June. At this time, you review your financial situation and likely tax position with your accountant, then also forecast what…

Confusion over recent tax cuts

The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government as soon as they lodge their income tax return. The Australian Taxation Office (ATO) has…

Laundry expenses hung out to dry

The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims…

Victorian State Budget Highlights 2019

Earlier this week Treasurer of Victoria Tim Pallas handed down his State Budget which outlined investment in schools, hospitals, road and rail projects. The budget projects growing surpluses across the four-year estimates, even after a…

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