Important Tax Changes Post 2016 Federal Election

By Michael Fox on 26/9/2016 in Individual tax returns, Non-resident taxation, Business tax returns, GST, Self-managed funds, Superannuation

Most individual returns will be due to be lodged by the end of next month, unless you are represented by a registered tax agent like myself. If you are not currently on my list, I will need to add you by 31 October to ensure that your return can be lodged in 2017. from 1 July 2017, the annual non-concessional (after tax or personal) super contribution will reduce from $18...

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Home Office Tax Deduction Alert

By Michael Fox on 25/7/2016 in Home office tax deductions, Capital gains tax, Non-resident taxation

This year the ATO is paying extra attention to people whose work-related expenses are higher than they have been on past returns. For this reason, it is important to understand whether or not you can make a claim for your home office before claiming those costs as a tax deduction. A home office used as a place of business attracts tax deductions for both occupancy costs ...

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