Category: Tax Deduction

This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax decuction. It’s a great question as the way interest expenses are treated can significantly affect your overall tax position. However, the rules aren’t always straightforward. Here’s what you need to know. The purpose ofRead More »

If you’re carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards. This is because from 1 July 2025 two types of interest charges imposed by the ATO are no longer deductible. What are the interest charges? There are two mainRead More »

When do we pay tax in a family trust? This article will help you understand through four examples.

Company tax rates are reducing for some businesses – is yours one of them? Tax planning now can help you plan ahead for your tax liability and create effective tax minimisation strategies. Get in contact to start your 2021 tax planning today.

The ATO has recently issued an alert on gifts or loans from overseas.

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.