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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.

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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.

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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.

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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.

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Got a question for us?

Got a tax questions or unsure if you have the right advice?

ABA Tax are here to help answer anything you need to know, or at the very least steer you in the right direction.

Another free service ensuring we really do help simplify your life when it comes to tax!