Collins Hume1 day agoTax Time Targets — RecordkeepingWith tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
Collins HumeJun 13Deduction for skills training and technologyWe clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the Federal Budget.
Collins HumeMay 23Can I claim a tax deduction for my gym membership?Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
Collins HumeApr 26COVID-19 tests now tax-deductible for employeesFrom 1 July 2021 employees, sole traders or contractors that pay for a COVID-19 test for a work-related purpose, can claim a deduction.
Collins HumeMar 28Immediate Deductions ExtendedThis measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
Collins HumeNov 28, 2021Plan ahead to avoid a tax headache in the New YearMany employers are looking to bring a little bit of cheer to their employees this Christmas. Here's how not to let tax spoil the party.
Collins HumeNov 10, 2021Tax and the Normalisation of CryptocurrencyThe Australian Taxation Office recently updated its guidance on tax and cryptocurrency.