Julia's Blog
By Julia Hartman
Download PDF – Updated 19th May 2023 Year End Check List HECS: This is top of the list because you need to act before 1st June 2023. Each year your HECS debt and other student loans is indexed for inflation on the 1st June. This year the indexing is expected to be around 7%. …
Download PDF Despite objections from the Tax Agent community, the ATO have introduced new rules to make it damn near impossible and probably uneconomical to claim home office expenses on the cents per hour basis. The first hurdle is you must start a diary now! From 1st March 2023 every hour all year must …
Download PDF Tax Treatment of Electric Vehicles There has been a lot of talk about the FBT concessions associated with electric cars, this blog explains the latest on that from an employee and an employer’s point of view. Let’s start with an area that does not seem to be getting any publicity, deductions for …
Download PDF – Updated 23 08 2022 You cannot claim a tax deduction for a car you have salary sacrificed even though you make an after tax contribution. This is because even with a novated lease the car is considered held by your employer, so it is not yours to claim. If you are not …
Download PDF COVID Tests Dating back to 1st July, 2021 expenditure on COVID tests necessary to attend work will be tax deductible. If the employer provides the test these will be deductible to the employer and exempt from FBT under the otherwise deductible rule. We expect that just like other items that are used both …