Julia's Blog
By Julia Hartman
Download PDF Other than in the very rare circumstances where crypto is just purchased to buy a personal asset, any gain or loss you make on crypto is subject to tax. So don’t forget to bring your details with you when you do your tax return. The ATO are right onto data matching your transactions …
Download PDF Have you ever been told you are too old to contribute to superannuation? Would you like to contribute more and BAN TACS on your retirement savings? The best way to do this is to have as much of your wealth in superannuation as you can. The superannuation contribution rules are about to change …
Download PDF What Properties Qualify for Building Depreciation Properties built or renovated after 16th September 1987 will have some building depreciation left to claim. To work out if it is worth it, make a rough guess just how much the building or renovation would have cost back when it was done and multiply that by …
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 …
Download PDF General Deductions: You can only pay a maximum of 12 months in advance. In the case of interest payments check if the bank will let you do this and that they do treat it as an interest payment not just let it reduce the loan balance. If you pay rates, insurance or body …