deductions | Collins Hume

$20k instant asset write-off passes Parliament

Collins Hume

Jul 12

Tax & Accounting

$20k instant asset write-off passes Parliament

Legislation increasing the instant asset write-off threshold for the 2024 income year passed Parliament last month.

4 views

Collins Hume

Jun 5

Tax & Accounting

Your essential 30 June guide

The end of the financial year is approaching! We outline the areas at risk and the opportunities to maximise your deductions.

60 views

Collins Hume

May 14

Tax & Accounting

The assault on professional services

Two cases demonstrate how serious the ATO is about making sure professional services firms are appropriately taxed.

23 views

Collins Hume

Jan 22

Tax & Accounting

Property Tax case decision

The Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the loss as a deduction.

3 views

Collins Hume

Jan 15

Tax & Accounting

Warning: Redrawing investment loans

The ATO claims a big part of the problem is how taxpayers are claiming interest on their investment property loans.

7 views

Collins Hume

Dec 11, 2023

Tax & Accounting

Bah humbug: The Christmas tax dilemma

Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.

58 views

Collins Hume

Oct 23, 2023

Tax & Accounting

Claiming self-education expenses

The Australian Taxation Office has released a new draft ruling on self-education expenses.

26 views

$20k deduction for electrifying business

Collins Hume

Oct 5, 2023

Tax & Accounting

$20k deduction for electrifying business

A new, limited incentive nudges businesses towards energy efficiency. We show you how to maximise the deduction.

8 views

Collins Hume

Sep 11, 2023

Tax & Accounting

Why is my tax refund so small?

The tax refund many Australians expect has dramatically reduced. We show you why.

44 views

Collins Hume

Aug 28, 2023

Tax & Accounting

Thinking of subdividing?

New guidance from the ATO walks through the tax impact of small-scale subdivision projects. We look at some of the leading issues.

24 views

Collins Hume

Jul 12, 2023

Tax & Accounting

Why is my tax return so low in 2023?

There could be a few reasons why your tax return refund doesn't look as robust as in past years.

148 views

The technology and skills boost deduction

Collins Hume

Jul 11, 2023

Tax & Accounting

The technology and skills boost deduction

We walk you through the skills and training, and technology boosts — who can access them and how to make the most of them.

34 views

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