Read our September News blog here, which includes these current stories: Bill to reduce student debts now law ATO to include tax 'debts on hold' in taxpayer account balances Getting the main residence exemption right Small Business Superannuation Clearing House is closing ATO AFCX data-matching program PAYGW reminders for activity statement lodgments Hales Douglass Financial [...]
Paid parental leave changes have now commenced As of 1 July 2025, the amount of Paid Parental Leave available to families increased to 24 weeks, and the amount of Paid Parental Leave that parents can take off at the same time has also increased from two weeks to four weeks. Superannuation will now also be [...]
'Wild' tax deduction attempts The ATO recently revealed some of the 'wild' work related expense tax claims people have tried to "put past" the ATO, including the following: A mechanic tried to claim an air fryer, microwave, two vacuum cleaners, a TV, gaming console and gaming accessories as work-related. The claim was denied as [...]
Our February news includes the latest info on CGT withholding, Division 7A myths, Study/training loans updates, SMSF annual return dates and more. To view all February 2025 stories, please click on the thumbnail image below:
