Author Archive

Since the banking royal commission, there has been a spike in compensation payments to investors by financial institutions. But did you know that these payments could be taxable? More

Renovating a rental property can be an expensive and time-consuming business, but the good news is that many of the costs can be claimed as a tax deduction. More

Of the hundreds of thousands of Australians who have invested in cryptocurrency, many have failed to report their profits. More

As I walked to the coffee shop, I noticed that the gym next door had an end of financial year sale. That set me wondering: why on earth would a gym have an EOFY sale? More

Who is in the ATO's sights this tax time? They're looking at two main areas: work-related expenses and claims made by investment property owners. More

Eliminating work-related tax deductions in favour of a standard deduction would simplify the tax process but at the cost of tax-payers, particularly tradies, writes Mark Chapman. More

If you claim deductions for working from home, there's good news. The hourly rate that you can claim for deducting home office expenses is increasing. More

If you receive a workers' compensation payment, determining whether it is taxable can be confusing. More

We donate at Christmas to help others, but giving to charity is also often tax deductible. So what do you have to do to ensure that you can get tax relief next time you lodge your tax return? More

If you bake a few cakes and sell them at a local market on a Saturday morning, or make quilts that you sell to friends, you might think it can't possibly be taxable. Sadly, you'd probably be wrong. More