by Peter Ristevski | May 27, 2024 | ATO, Investment Property, Property Tax, Tax & Accounting, Tax Deductions
As part of its ongoing efforts to ensure compliance and fairness within the tax system, the Australian Taxation Office (ATO) has announced its 2024 targets for rental property owners. This initiative aims to address common issues related to rental income reporting and...
by Peter Ristevski | May 27, 2024 | ATO, Peter Ristevski, Tax & Accounting, Tax Deductions, Tax Planning
As the end of the financial year approaches, Australians are looking for effective strategies to cut their tax bills. With the deadline looming on June 30th, it’s essential to act swiftly and strategically. Here are some last-minute tips to help you save on your tax...
by Peter Ristevski | May 9, 2024 | ATO, Peter Ristevski, Tax & Accounting, Tax Planning
Last year saw a significant number of tax returns riddled with errors, prompting the Australian Taxation Office (ATO) to intensify its scrutiny on three primary fronts. Come tax season, the ATO will prioritise examinations of work-related tax deductions and rental...
by Peter Ristevski | Apr 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Staying compliant and maintaining consistency in your tax planning can lead to substantial annual savings, allowing you to allocate funds towards your priorities and the expansion of your business and wealth creation plans The Australian Taxation Office (ATO) defines...
by Peter Ristevski | Apr 18, 2024 | ATO, How To, Small Business, Tax & Accounting
Small business capital gains tax concessions provide an opportunity for small business owners to reduce the amount of tax they owe on the sale of business assets. One of the key CGT concessions is the CGT exemption, which can be a significant tax-saving opportunity...