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Tax news and tips

All of the latest news about tax, accounting and bookkeeping, and some helpful tips to help you get ahead.

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Browse our latest articles containing tax news and tips below.

tax deductions for homeowners

Tax Deductions for Homeowners

Are there tax benefits for homeowners? If you are an owner-occupier or property investor, owning a home can provide some really important tax benefits. Here, we break down six types of deductions you can clam when you own a home or an investment property. 1 Depreciation If you currently own an investment property, there is a good chance that you

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Australian working in takeaway juice bar during COVID-19

Extension to JobKeeper Payment

As of August 7 2021, the Australian Federal Government has officially extended its JobKeeper Payment scheme by a further six months to 28 March 2021. JobKeeper support will be aimed at helping businesses and not-for-profit organisations that are substantially impacted by COVID-19.

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Instant asset write off increased to 150,000

How to take advantage of the Instant Asset Write Off

If you are thinking about purchasing assets (vehicles, equipment, machinery or anything else) for your business before end of financial year, you may be eligible to take advantage of the government’s Instant Asset Write-Off (IAWO), which has been increased to $150,000 per asset. This could result in significant tax savings just for purchasing assets before 31 December 2020.

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