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Collins Hume
- Oct 26, 2022
2022-23 Budget 2.0
Read our summary about the Budget's practical tax implications for individuals, small businesses and superannuation.
93 views
Collins Hume
- Oct 4, 2022
120% deduction for skills training and technology costs
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium businesses.
46 views
Collins Hume
- Aug 29, 2022
Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return.
5 views
Collins Hume
- Jul 4, 2022
Capital gains from crypto, property or other assets
If you dispose of an asset eg property, shares, crypto or NFTs, or collectables you'll need to show a capital gain/loss in your tax return.
24 views
Collins Hume
- Jun 27, 2022
Claiming work-related expenses
When claiming WRE there must be a nexus between the expenses you are claiming and how you earn your income. We explain.
19 views
Collins Hume
- Jun 24, 2022
Tax Time Targets — Recordkeeping
With tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
7 views
Collins Hume
- Jun 14, 2022
Deduction for skills training and technology
We clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the Federal Budget.
13 views
Collins Hume
- May 23, 2022
Can I claim a tax deduction for my gym membership?
Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
63 views
Collins Hume
- Apr 26, 2022
COVID-19 tests now tax-deductible for employees
From 1 July 2021 employees, sole traders or contractors that pay for a COVID-19 test for a work-related purpose, can claim a deduction.
4 views
Collins Hume
- Mar 28, 2022
Immediate Deductions Extended
This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
27 views
Collins Hume
- Nov 29, 2021
Plan ahead to avoid a tax headache in the New Year
Many 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.
9 views
Collins Hume
- Nov 10, 2021
Tax and the Normalisation of Cryptocurrency
The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
6 views
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