Instant Asset Write-Off Extended to 30 June 2025

20/05/2025|

As announced in the 2024-25 Budget and now legislated, the $20,000 instant asset write-off limit has been extended for another 12 months, now lasting until 30 June 2025. This extension continues to provide vital support for small businesses.

Working Out Your WFH Expenses This Tax Time

20/05/2025|

Tax time is fast approaching, and the ATO is likely to focus on common areas where errors are made, including work-related expenses and working from home (WFH) deductions. Knowing what you can claim and how to properly document your claims can help you avoid mistakes when lodging your return.

Super Splitting and Separation: What You Need to Know

28/04/2025|

Superannuation is a way for couples to plan for their future together, building savings for retirement. But what happens if your relationship comes to an end? The Family Law Act 1975 and the new Family Law (Superannuation) Regulations 2025 work together to create a legal framework for dividing superannuation, including what information a super trustee must provide, how to value super interests, and how to implement the split.

Understanding Personal Services Income (PSI)

28/04/2025|

Are you considering becoming an independent contractor, consultant, or freelancer? If you're starting a new career path, it’s important to understand the personal services income (PSI) rules that may apply to you.

Instant Asset Write-Off Extended to 30 June 2025

28/04/2025|

As part of the 2024-25 Budget and now officially legislated, the $20,000 instant asset write-off limit has been extended for another 12 months until 30 June 2025. This extension continues to provide valuable support for small businesses.

Can You Claim a Deduction for Financial Advice Fees?

25/03/2025|

When reviewing the expenses you can claim as deductions on your tax return, are the fees you pay to your financial adviser among them? The answer is both yes and no! There are specific limits on what can be claimed, and the ATO has recently clarified the types of fees that individuals can claim.

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