We are pleased to supply you with the latest edition of our Client Alert, which contains information on a number of important taxation developments:

  • What’s the Deal with Working from Home? The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. To use the 67 cents per hours fixed rate method, you will need a record of all of the hours you worked from home. The ATO has warned that it will no longer accept estimates or a sample diary over a four week period.
  • The ‘Super’ Wars A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
  • What will the ATO be Asking about your Holiday Home? The ATO is concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims
Other updates and reminders:
  • Future earnings for Super balances above $3M Taxed at 30% from 2025-26
  • 1 July 2023 Super balance increase but no change for contributions
  • End of the FBT Year Fast Approaching
  • ATO: Client-to-agent linking in online services
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