by C&N Accountants | Jun 30, 2025 | EOFY, Tax & Accounting, Tax Planning
If you’re thinking about claiming an air fryer, luxury clothing, or swimwear on your tax return, think again. The ATO is warning taxpayers to stay within the rules this year. With the 2025 tax season approaching, the Australian Taxation Office (ATO) is reminding...
by C&N Accountants | Jun 12, 2024 | Tax Planning, Tax Tips
The end of the financial year is just around the corner. Here’s a rundown of areas likely to catch the ATO’s eye and ways to maximise your deductions. For You Opportunities With the 1 July 2024 tax cuts on the horizon, consider bringing forward your...
by C&N Accountants | Mar 13, 2024 | Income Tax, Tax Planning
The revised stage 3 tax cuts have been approved by Parliament and will be effective from 1st July 2024. It is advisable to review any salary sacrifice agreements before the new tax rates take effect to ensure that they still align with your desired outcome. If...
by C&N Accountants | Feb 19, 2024 | FBT (Fringe Benefits Tax), Tax Planning
As the annual close of the Fringe Benefits Tax (FBT) season approaches on March 31, it becomes imperative for business owners to arm themselves with knowledge about the intricacies of FBT and areas likely to capture the Australian Taxation Office’s (ATO) focus. The...
by C&N Accountants | Jan 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Planning, Tax Refunds
The Federal Government has recently announced a realignment of the personal income tax cuts, initially legislated to commence on 1 July 2024. This realignment is part of a new proposal that seeks to redistribute the tax cuts more effectively. Overview of the Amended...
by C&N Accountants | Dec 20, 2023 | ATO, Business, Small Business, Tax Planning
Uncertainty has cast its shadow over recent years, but are we finally in for a more predictable ride as we step into 2024? Let’s delve into the key factors influencing the landscape. Inflation and Labour Dynamics According to RBA Governor Michelle Bullock,...
