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Capital Gains Tax On A Rental Property: A Quick Guide

Tax

If you’re thinking about selling your rental property, one of the most important things to prepare for is Capital Gains Tax (CGT). Many property investors underestimate how significant CGT can be—but with the proper planning…

5 Tripping Hazards You Could Encounter During Tax Time

Tax

Even the most financially savvy Australians can fall into hidden tax traps. On the surface, many tax matters seem straightforward, but subtle complexities in the law can turn an innocent oversight into a costly mistake. That’s…

From Teen Scam Artists To Fake ABNs – What Is Operation Protego’s Goal?

Tax

GST refund fraud isn’t just a headline – it’s a serious issue undermining the integrity of Australia’s tax system. The Australian Taxation Office (ATO) continues to crack down under its sweeping initiative, Operation…

Rental Interest Expenses & Apportioning It Correctly: Tips & Tricks

Tax

If you own a rental property, there’s a good chance you’re claiming interest expenses as part of your tax deductions. It’s one of the most common (and often one of the largest) claims for landlords. But there’s a catch…

When Should A Business Register & Pay For GST?

Tax

If you run a business in Australia, understanding your Goods and Services Tax (GST) obligations is essential. GST is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. But when exactly…

Correcting Your Tax Return: Steps You Can Take

Tax

Discovering an error in your tax return can be unsettling, but correcting it is a straightforward enough process. The Australian Taxation Office (ATO) offers a clear amendment process to ensure your tax affairs remain accurate…

Rental Property Deduction Do’s & Do Not’s

Tax

Owning a rental property can be a great way to build wealth, but it also comes with a range of tax responsibilities. As a landlord, understanding what you can and can’t claim as a deduction is key to maximising your return…

Div 7A: Facts Or Fictions?

Tax

When it comes to private company loans, Division 7A of the Income Tax Assessment Act 1936 plays a critical role in ensuring shareholders or associates don’t receive tax-free distributions disguised as loans. However, there are…

How to Prove Work-Related Use of Your Phone When Working from Home

Tax

If you’re working from home and plan to claim a deduction for your phone and internet expenses, it’s important to understand how to correctly calculate and support your claim—especially if you’re using the actual cost method. Under…

Preparing Your Tax Return? Make Sure You Know What You Can Claim…

Tax

As the 2025-26 financial year kicks off and the 2024-25 ends, it heralds the start of another tax season of receipt-chasing, deductions and paperwork. Whether you’re lodging your return early or waiting until the October…

Global Interest Charges Change Will Affect Businesses With Outstanding Tax Debts – Here’s How

Tax

It’s crucial to be aware of significant changes affecting businesses with outstanding tax debts. Effective from 1 July 2025, the Australian Taxation Office (ATO) will no longer allow the deductibility of General Interest Charges…

Family Trust Distributions & Their Tax Obligations

Tax

If your business operates through a family trust, it’s important to stay informed about how trust distributions are taxed, especially as we approach the end of the financial year. The ATO continues to monitor trust distributions…