April Newsletter 2023
client alert tax news | views | clues Cheaper child care on the horizon Families struggling with the current cost of living crisis could soon have some relief with cheaper child care coming mid-year. The recently passed child care subsidy reforms were a component of Labor’s election platform, with a promise to make early childhood … Continued
Read moreMarch Newsletter 2023
client alert tax news | views | clues Working from home expenses: new fixed rate A new revised fixed-rate method for calculating working from home expenses will soon apply. From 1 July 2022, employees who work from home can no longer use the 80 cents per hour “shortcut” method for claiming their related expenses. The … Continued
Read moreFebruary Newsletter 2023
client alert tax news | views | clues Non-deductible threshold removed for self education expenses Self education expenses are generally tax-deductible for individuals if there’s a sufficient connection with your income-producing activities.However, until new legislation was recently passed, the amount you could deduct was limited by s 82A of the Income Tax Assessment Act 1936 so … Continued
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