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Self-education threshold removed

by Hanna Tax & Business Solutions

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.… Read More »Self-education threshold removed

ATO warning: Do not engage in GST fraud

by admin

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… Read More »ATO warning: Do not engage in GST fraud