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Taxpayer’s claim for home office and car expenses successful

By Warren Kruger | July 15, 2025

The Administrative Review Tribunal (‘ART’) recently held that a taxpayer was entitled to claim deductions for home office and car expenses incurred during the COVID-19 pandemic. The taxpayer was employed full time by the ABC producing the ABC Sport Digital Radio station (‘Digital Role’) and producing ABC live sports broadcasts, mainly NRL football (‘Live Role’). […]

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Beware of tax advice from ‘finfluencers’

By Warren Kruger | July 15, 2025

The Tax Practitioners Board (‘TPB’) warns that the number of ‘finfluencers’ is on the rise.  These are influencers who offer financial advice, including tax advice, on various social media platforms such as Instagram and TikTok. Unfortunately, they do not always have the necessary qualifications to give out this advice or provide all the information taxpayers […]

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TBAR for June quarter due 28 July

By Tessa | July 15, 2025

All SMSFs must report relevant transfer balance account (‘TBA’) events using transfer balance account reporting (‘TBAR’).  All events must be reported regardless of the member’s total superannuation balance. Editor: TBA events include starting or commuting a retirement phase pension. TBARs for the June quarter are due by 28 July 2025.  If no TBA event occurred […]

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Notice of data exchange for skilled visa program compliance

By Warren Kruger | July 15, 2025

The Department of Home Affairs will obtain data from the ATO to identify whether business sponsors are complying with their sponsorship obligations (e.g., paying visa holders correctly) and whether temporary skilled visa holders are complying with their visa conditions (e.g., to work only for an approved employer). The Department will provide to the ATO biographical […]

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Taking Charge of Upcoming Employer Obligations

By Warren Kruger | July 15, 2025

As the end of the financial year has just past, the ATO is reminding employers that they should check what they need to do and take note of the following upcoming key dates. Pay as you go (‘PAYG’) withholding — From 1 July 2025, some withholding schedules and tax tables will be updated (but not […]

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Reminder of June 2025 Quarter Superannuation Guarantee (‘SG’)

By Warren Kruger | July 15, 2025

Employers are reminded that employee super contributions for the quarter ending 30 June 2025 must be received by the relevant super funds by Monday, 28 July 2025.  If the correct amount of SG is not paid by an employer on time, they will be liable to pay the SG charge, which includes a penalty and […]

Fitness Industry – Claiming Work-Related Expenses

By Warren Kruger | June 15, 2016

This summary outlines some of the deductions a fitness professional can and cannot claim as an employee in the fitness and sporting industry.   Car expenses A fitness professional cannot claim deductions for your car expenses from home to work even if: you work outside normal business hours, for example, shift work or overtime you […]

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Travel Allowances and the Proper Use of the Exception to Substantiate Claims

By Warren Kruger | August 7, 2017

Travel allowances are a payment or payments made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties. In most circumstances, when claiming other deductions, you will be expected to be able to substantiate the expense being claimed with […]

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Tips to getting started on the investment property ladder

By Warren Kruger | September 1, 2017

Tip 1 – Start by paying off any high interest consumer debts (credit cards, car loans etc). There would be no point earning 5%+ pa on an investment if you are paying15%+ on credit card debt. Set up automatic deductions from your salary to accelerate repayments. Tip 2 – Continue the salary deductions after your […]

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Look Before You Leap: The Small Business CGT Concessions

By Warren Kruger | September 3, 2017

The CGT relief concessions available to small businesses can be very generous. However they can also be complex and confusing, so knowing a few of the finer details can go a long way to ensuring your small business can take best advantage of them. It’s never too early to consider an escape plan, so when […]

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Are those investment returns on revenue or capital account?

By Warren Kruger | September 8, 2017

Investment returns can be on revenue or capital account. Similarly investment expenditure could also be on revenue or capital account. The distinction between revenue and capital is not always clear and the characterisation of a receipt will ultimately depend on the circumstances that apply to the taxpayer. The distinction between an income and capital receipt […]

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Do you need to lodge your tax return early?

By Warren Kruger | September 12, 2017

If you are planning to permanently leave Australia before the end of the financial year, you may be able to have your tax return lodged early. Generally, the ATO only accepts early lodgment of individual returns in certain perscribed circumstances. If you are a resident of Australia for tax purposes, returns lodged before the end of […]

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