Self-education threshold removed
The ATO has removed the $250 reduction on self-education expenses as of July 1 2022. Prior to this measure, the first $250 self-education expense could not be deducted. Amounts over this limit would be calculated in the total allowable deductions on an individual tax return. Self-education expenses can be: Final criteria to meet and choose […]
ATO warning: Do not engage in GST fraud
The Australian Taxation Office has identified, and is taking strong action, to respond to significant GST fraud. Involving participants inventing fake businesses to claim false GST refunds. The ATO is warning the community not to engage with this fraud, and for participants to come forward before we take tougher action. The fraud involves offenders inventing […]