by Alix Dower | Nov 10, 2023 | blogs
Teaching children the value of money and the potential financial benefits of saving and investing over time is one of the most valuable things parents can do. Many of us are familiar with the timeless saying, “money doesn’t grow on trees.” This...
by Alix Dower | Oct 5, 2023 | blogs
Not For Profits (NFP) across the country may have different tax implications that apply to their particular organisation, especially if they are exempt from income tax. However, the rules around employees and volunteers remain unaffected for these organisations and...
by Alix Dower | Sep 28, 2023 | blogs
Tax residency is an essential element of Australia’s taxation system; however, it can appear complicated and confusing. While there are four tests that can assist you in determining your residency status for tax purposes, a new ATO ruling in June 2023 has taken into...
by Alix Dower | Sep 26, 2023 | blogs
If you work from home, you may be eligible to claim a tax deduction for expenses related to your work, including: Heating, cooling, and lighting bills Costs for cleaning your home workspace, including cleaning products or payments for a domestic cleaner if needed....
by Alix Dower | Sep 21, 2023 | blogs
If you have a rental property, are you aware of the rules around claiming second-hand depreciating assets? Second-hand depreciating assets are depreciable items previously used or installed and ready for use in a rental property. These assets may have already existed...
