by C&N Accountants | Dec 4, 2025 | ATO
If you own a holiday home, the ATO may deny your rental deductions under section 26-50 if personal use outweighs genuine income-producing use. The ATO now applies a clear risk-based framework to decide when this rule applies. Why this matters for holiday home owners...
by C&N Accountants | Aug 21, 2025 | ATO
From 1 July 2025, ATO interest charges (GIC and SIC) are no longer tax-deductible. If you carry tax debt, leaving it with the ATO is now significantly more expensive. Leaving tax debts with the ATO used to be painful, but at least the interest was deductible. That...
by C&N Accountants | Dec 18, 2024 | ATO, Business, Capital Gains Tax
The past few years have brought plenty of uncertainty, but 2025 offers the hope of greater stability – though there are no guarantees. Here’s a look at the key changes and challenges shaping the year ahead. A Federal Election is Looming Prepare for political...
by C&N Accountants | Sep 17, 2024 | ATO, Cyber Security
Picture this: You log into your myGov account and find that your activity statements for the past year have been altered, with $100k in GST credits issued. But you didn’t do this and certainly didn’t receive $100k in your bank account. The urgency of the situation...
by C&N Accountants | Sep 5, 2024 | ATO
Do you own an investment property or perhaps a luxury asset like a boat or aircraft? The ATO is examining your tax return to ensure that what you declare adds up. The Australian Taxation Office (ATO) has introduced two crucial data-matching programs targeted at...
by C&N Accountants | Aug 12, 2024 | ATO
Imagine receiving over $1.6 million in your bank account and thinking it’s a generous gift. But what happens when the Tax Commissioner decides it’s actually income, and you’re suddenly facing a hefty tax bill? That’s exactly what happened in the intriguing case of...
