How to Claim the Right Amount of Tax Deductions for Your Overtime Meal Expenses and Domestic Travel Expenses
The Australian Taxation Office (ATO) has released a new determination setting out the reasonable amounts that employees can claim for overtime meal expenses and domestic travel expenses for the 2023-24 income year. The determination applies to employees who receive an allowance to cover the specific expenses they are claiming. It does not apply to employees […]
The Ultimate Guide to Filing Your 2023 Tax Return
Hey there, Aussie tax warriors! It’s that time of year when numbers come to life and receipts do a merry dance. Yes, you guessed it—it’s Australian Tax Season 2024! Get ready to dive into the thrilling world of tax returns and financial acrobatics. The Australian financial year spans from 1 July to 30 June, setting […]
Important Update: New Work Hours Cap for Student Visa Holders
Check out important updates on the work hours cap for student visa holders and how it will impact them and professionals alike.
Capital Allowances & Capital Works (Rental Property)
Hello Visitors,This blog is regarding the deductions related to the rental expenses. Rental expenses are claimedover a period of several years. Here we are going to talk about the Capital expenditure. Capitalexpenditures are those expenses that we incur on the construction of capital works. Some of theseexpenses are the costs of construction of the building […]
How Artificial Intelligence Is Transforming the Accounting Sector in Australia
Artificial intelligence will amp up employee productivity by a whopping 40% by 2035(i). In the constantly changing tech world, artificial intelligence (AI) has become a real game-changer, transforming the way businesses operate. With its ability to boost efficiency and save time by automating tasks, AI is propelling businesses towards greater success. In the realm of […]
All You Need to Know About the First Home Guarantee Scheme
For many Aussies, buying a home is like checking off a mega dream from their ultimate bucket list! However, the process of owning a home can be daunting and stressful, especially for first-time home buyers. That’s where the First Home Guarantee scheme comes in! The Australian government has taken a proactive step to make homeownership […]
Top 7 Federal Budget 2023-24 Highlights
It’s that time of the year, mates! Australia’s Federal Budget 2023-24 is here and it’s making a tidal wave of opportunities in their latest fiscal masterpiece. From economic upgrades that’ll have you zooming down finances like a Formula One, to instant assets write-off that’ll have your inner businessman squealing with excitement, this budget is all […]