Trading in assets such as properties, shares or cryptocurrency will trigger CGT events that need to be reported in you tax return. Unfortunately, reporting CGT events is not always simple. Read our short report to gain a better understanding of what a CGT event is and how to report them if you want to avoid paying too much tax.
If you have a rental property, it’s crucial to know which rental expenses you can claim as deductions on your tax return. This information could save you thousands, so read on for all the details.
It goes without saying that most Australians don’t like to think about tax. There is a collective groan across the country at 1 July when it’s time to go through your receipts and lodge your claim. The fact is, most people pay too much tax. The reasons are a mix of laziness, boredom and ignorance. Luckily, we can help with all three.
Every year the ATO is on the look out for certain focus areas. Here are the top three areas for tax time 2023:
Preparing for tax season can feel overwhelming, but with the right knowledge and guidance, you can approach it confidently and efficiently. Here are our hot tips to maximize deductions, optimize your tax refund, and ensure compliance with the latest tax regulations.