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tax deductions

ATO focus on rental properties

The Australian Taxation Office (ATO) have highlighted that income and deductions from rental properties remain a key area of focus.  They have found that 90% of tax returns reporting rental income contain at least one error. 

Our team have collated the recent information from the ATO together with some of our recent articles covering various topics for consideration.
 

Working from home? Tax deductions explained

Employees working from home due to COVID-19?*
Updated 29 April 2021

With an increased number of employees working from home in the face of the coronavirus pandemic, home office expense claims are expected to rise significantly for the 2020 tax year. If employees are required to work from home, they may be able to claim a tax deduction for expenses they necessarily incur related to performing their work duties.