Business
Avoid double dipping on your deductions
Taxpayers are reminded not to make the mistake of ‘double dipping’ on deductions (that is, claiming expenses twice) in their tax return this year. Some
June 2, 2022
Economy
The ‘gigs up’ with a new sharing economy reporting regime
Treasury has released draft legislation introducing the long-awaited third party reporting regime (proposed to apply from 1 July 2022). The new regime will initially require
August 4, 2021
COVID19
80¢ per hour work-from-home deduction method extended
Taxpayers continuing to work from home in the new year will be allowed to continue using the simplified working-from-home deduction method following a third extension
January 15, 2021
COVID19
Shortcut to claiming working from home deductions
As the situation around COVID-19 continues, the ATO understands many employees have been working from home. To make it easier when claiming a deduction for
May 15, 2020