by Investment Plus Accounting Group | Mar 24, 2023 | ATO, Holiday Homes, Property Tax, Tax & Accounting
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little 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...
by Investment Plus Accounting Group | Mar 23, 2023 | ATO, How To, Small Business, Tax & Accounting, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by Investment Plus Accounting Group | Feb 2, 2023 | Property Investment, Property Investment Tips, Tax & Accounting
It’s easy to see why property investment is a tried and tested way of building wealth in Australia. Firstly, history tells us that Australian property prices go up in the long term, despite the occasional fall. So there are great, inflation-busting returns on offer,...
by Investment Plus Accounting Group | Feb 2, 2023 | Property Investment, Property Investment Tips, Tax & Accounting
The fundamental objective of property investment is wealth creation, achieved through a combination of income and capital growth. Investment property is real estate that’s bought with the aim of earning some kind of financial return. This return can be rental...
by Investment Plus Accounting Group | Jul 19, 2022 | ATO, EOFY, Tax & Accounting
As we head into the 2022/23 Financial year, staying on top of your taxes and constant changing rules can be time consuming for employees and contractors. The impact of Covid-19 on business and taxpayers along with data matching technology employed by the ATO,...
by Investment Plus Accounting Group | Jul 19, 2022 | ATO, EOFY, Tax & Accounting
Many Australians invest in property, financial markets and other assets, both in Australia and overseas. Managing the tax on your investments can help you increase your wealth. The ATO’s data matching and information-gathering capabilities are significant and cover...
