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If you’re a Contractor, it might be worth reading further…

The ATO has revealed that they are using data from its Taxable Payments Reporting System (TPRS) to ensure that more than $172 billion of payments to Contractors have been properly declared. Businesses that use Contractors in the road freight, cleaning, courier, building and construction, information technology, security, investigation, or surveillance services have been required to […]

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Working from home tax deduction to change from 1st July 2022.

Covid gone and so are the tax deductions. The method to quickly create a tax deduction for the Covid era is changing. The “Shortcut Method” is no longer available from the 1st July 2022. This means that for your next income tax return (2022-23) you have to approach your home office expenses a little differently. […]