The revised stage 3 tax cuts have recently passed the senate (27th February 2024) and will be implemented from 1 July 2024.
By Tim Major, Consultant.
With tax season well underway, we are once again providing our handy Individual Tax Return checklist to assist you in compiling the information needed for the preparation of your individual tax return. You can download the checklist here.
Once you have all of the information required, please get in touch with us to make an appointment.
By Ben Spiers, Director.
It's that time of year again! With cost of living pressures increasing across the country on the back of the constant interest rate rises, we are expecting the early period of Tax Time 2023 to be quite busy. Here are a few key questions that we think are relevant as we quickly approach the end of the financial year.
By Ben Spiers, Director.
On Tuesday 9th May 2023, Treasurer Jim Chalmers presented the Federal Budget for 2023-24. With cost-of-living pressures and interest rates being front of mind for all Australians, this was understandably the main focus of the night. Whilst there will always be winners and losers, this Budget attempted to balance providing sufficient assistance in current times as well as continuing to invest for the future.
By Tehani Silva, Accounts Officer.
As you are aware, if you work from home, you can claim a tax deduction for the work-related proportion of household costs. The Australian Taxation Office (ATO) has recently announced that home office claims will change for the 2023 financial year.
By Ben Spiers, Director.
The 2022 tax season is well under way, so if you haven’t already, now is a good time to collate your information ready to get your tax return prepared. You can also refer to our Individual Tax Return Checklist for help in gathering the information required. In doing so, keep in mind the ATO’s 4 key focus areas for Individuals for 2022.
By Tim Major, Consultant.
As the new financial year is about to begin, our minds here at Lee Green turn to tax! Though it may be some time before you have all of the information needed for the preparation of your individual tax return, we have provided below our handy Individual Tax Return Checklist to help you along the way. You can also download the checklist here.
Once you have compiled all of the information required, please get in touch with us to make an appointment.
by Ben Spiers, Director.
The 2022-23 Budget announced by the Government on Tuesday 29th March was primarily focussed at providing additional assistance to individuals considering the rising cost of living. There were many changes that will apply to Business, Individuals, Aged Care, Super and Taxation, but here is a summary of the key announcements.
By Saumya Biskudanaruppage, Accountant.
Accountant Saumya has put together a helpful summary of recent ATO changes and updates. As always, we are here to guide you through these changes, please contact us if you need more information or clarification on any of these topics.
