What’s on the ATO hit list in 2021…
Today is the first day of the 2021 tax year. so we thought we would put togather a quick overview on what the ATO are targeting this year.
July 1, 2021
News & Updates
Keep up to date with the latest Information from ABA Tax.
Menu
Are you in the business of property?
If you’re in the business of property, you can claim a range of work-related deduction that are no longer available to regular property investors. The ATO has some grey areas when it comes to deciding whether someone is a property investor, or operating a rental property business.
March 31, 2021
Still need to lodge your 2020 return?
We’re here to help you claim back everything you’re entitled to, fast & painlessly… So, where to start? Here is a list of common tax deductions to help you get ready.
March 31, 2021
Why SMSF’s are gaining popularity
There is a lot to talk about when it comes to SMSF”s, so let’s start from the beginning.
March 30, 2021
The winners and losers in the Federal Budget
Josh Frydenberg presented the 2020 Budget last night. Defined by the coronavirus pandemic, here are the winners and losers
October 7, 2020
A guide to SMSF property investments: The pros & cons.
Using a Self-Managed Super Fund to invest in property is a great way to unlock the true potential of your super and secure your dream retirement lifestyle. Although there are many advantages to this powerful investment strategy, there are also be some downsides to consider.
September 2, 2020
Fuel Tax Credits can make a big difference to your bottom line … but are you missing out?
Fuel Tax Credits provide businesses with a credit for the Excise or Customs Duty included in the price of the fuel they use in their business activities This can be substantial source of income for many Australian businesses, but unfortunately a lot of you are missing out.
September 2, 2020
Jobkeeper Extension – What you need to know
The JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
September 2, 2020
GST & Property: A simple explanation of a complex issue
One of the most important factors many people overlook when buying and selling property is the Goods and Services Tax (GST). It can all feel overwhelmingly complicated when you’re not an expert in Tax Law – so let’s simplify things!
September 2, 2020
Heard about the NEW Catch-up Concessional Contribution’s Rules?
From 1 July 2018, if you have a total super balance of less than $500,000 on the previous 30 June and you make or receive concessional contributions (CCs) of less than the concessional contributions cap of $25,000 per annum, you may be able to accrue unused amounts for use in subsequent financial years.
July 2, 2020
What you need to know this new financial year.
The new financial year has arrived and the Australian Taxation Office has announced a stack of changes that impact tax leaving many people wondering just what this means for their returns.
To help navigate the confusion we’ve put together a list of the top changes and how to make them work for you.
July 2, 2020
What the ATO are watching this tax year!
By now, it shouldn’t come as a surprise the ATO focuses on certain hotspots at tax time to call out taxpayers who have either accidentally or deliberately made errors. To avoid falling into a trap, here’s what you need to look out for in two key areas: work-related expenses and claims for investment properties.
July 2, 2020
Tax Minimisation Strategies
A little bit of End of Financial Year planning can go a long way in helping you to minimise your tax liabilities and even boost your retirement savings. Find out how to make it work for you.
June 1, 2020
June 1, 2020
3 easy steps to signing up for JobKeeper
Three easy steps to sign up for the JobKeeper payment.
April 29, 2020
Frequently asked questions about Jobkeeper
Here are all your FAQs regarding the JobKeeper payment during in the Coronavirus.
April 29, 2020
What you need to know about the JobKeeper legislation.
A special one-day sitting of Parliament has now approved the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020, giving rise to the centrepiece of the government’s $214 billion economic stimulus package.
Find out more in this article.
April 9, 2020
JobKeeper Stimulus Explained
The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job and continue to earn an income. Here’s how it may work for you.
March 31, 2020
7 steps to surviving the Coronavirus
We have put together a seven-step survival guide for business affected by Coronavirus.
March 30, 2020
Updates to the Government Stimulus Packages
On 22 March the second set of Government stimulus packages were announced. Learn what this means for you whether you are an individual or small business owner.
March 24, 2020