Hot Issues
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Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
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ATO zeroes in on work expenses, crypto investments
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Forget the Tim Tams in your WFH claim, say ‘fun police’
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Inflation will force a third of businesses to raise prices
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State and Federal Disaster support --- June 2022
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Year-end tax planning
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World GDP Ranking (1960~2025)
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100A ruling ‘turns tax avoidance logic on its head’
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Be alert for phoenix activity, businesses told
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Equifax signs data agreement with ATO
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E-invoicing will reduce emissions, says PwC
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Largest cities in the world 1500 to 2100
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Last chance to claim the loss carry-back
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Changes to recovery loan scheme for small and medium enterprises
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About the cash flow forecasting template
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Federal budget 2022: Winners and Losers
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ATO puts 50,000 directors on notice.
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FBT Reminder – Odometer Reading
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Data matching program: government payments
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Budget: Big wins for SMEs
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Small businesses show sign of omicron rebound
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Federal Budget 2022 - Overview
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Federal Budget 2022 and YOU - Part 1
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Federal Budget 2022 and YOU - Part 2
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Budget at a Glance - Video
Article archive
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Quarter 1 January - March 2022
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Quarter 4 October - December 2021
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Quarter 3 July - September 2021
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Quarter 2 April - June 2021
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Quarter 1 January - March 2021
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Quarter 4 October - December 2020
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Quarter 3 July - September 2020
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Quarter 2 April - June 2020
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Quarter 1 January - March 2020
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Quarter 4 October - December 2019
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Quarter 3 July - September 2019
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Quarter 2 April - June 2019
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Quarter 1 January - March 2019
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Quarter 4 October - December 2018
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Quarter 3 July - September 2018
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Quarter 2 April - June 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Year-end tax planning

Work-related purchases, donations and superannuation are key areas where people can boost their deductions by taking action now.

Prepaying expenses that relate to 12 months cover, before 30 June can create bigger deductions, - for example, professional memberships, professional journals and subscriptions, even insurance premiums for investment properties and income protection.

Prepay the costs of a conference later in the year.

Interest on investment loans can be another prepayment – and combine it with a reduced interest rate.

Need to buy something for your job or home office?  Do it now.

Many people will be able to claim for a number of work-related expenses they wouldn’t otherwise have had to consider, such as home internet and items required for home office.

Donations to most legitimate charities are tax deductible – there are many, many deserving charities in need of help in this covid – ravaged year.

Many taxpayers can contribute up to $27,500 into their super this year – including employer contributions and salary sacrifice, but it must be well before end of June. The funds must be received and processed by the fund before 30 June, so do it as soon as possible!

Spouse contributions made for low-income partners is sometimes of benefit.

Using a logbook for 12 weeks to map your work-related car expenses in normal years can be the biggest tax deduction. 

Many people only claim the cents a kilometre method of 72 cents for up to 5000km travelled, but often cars can deliver bigger deductions, once petrol, maintenance, insurance and other costs are combined, with a log-book.

Invest a few moments now, to save more than a few dollars at tax time!

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