Newsletter

The Australian Taxation Office (ATO) has warned taxpayers that its data matching program in relation to residential rental property loans and insurance has been expanded. The ATO now has access to bank records and insurers records which can be used to ensure deductions for loan interest and insurance premiums are being claimed correctly.

Most employers have now moved to STP Phase 2 reporting. The Australian Taxation Office (ATO) have noticed some common mistakes and want to share these with you, to help employers get it right. These include:

From 10 July 2023, there are changes to the way your Child Care Subsidy (CCS) entitlement is worked out which means childcare will now be cheaper for most families.

From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years.