Tax Update: September 2024

16 September 2024

New deductions and employer obligations Employers need to check that payroll systems reflect recent legislative changes, and the ATO is highlighting deduction opportunities available to some small businesses. Here’s your roundup of the latest tax news. Updated employer obligations The ATO is reminding employers to stay on top of legislative

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Tax And Super Changes For The New Financial Year

10 July 2024

The tax cuts introduced from July 1 and other changes may mean it’s time for a review of your current tax, super and investment strategies to make sure you’re maximising the benefits. Under the changes, the previous 19 per cent tax rate reduces to 16 per cent, while the 32.5

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Steer Clear Of These Red Flags On Your Return

10 July 2024

The Australian Taxation Office has provided a heads-up about the areas it will be focussing on when reviewing tax returns this year. The ATO says there are three common errors made by taxpayers: Incorrectly claiming work-related expenses Inflating claims for rental properties Failing to include all income ATO Assistant Commissioner

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