From air fryers to swimwear: tax deductions to avoid

From air fryers to swimwear: tax deductions to avoid

With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’. To give you a few examples of what...
Instant asset write-off threshold finally confirmed

Instant asset write-off threshold finally confirmed

It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.  This was announced back in the 2024-25 Federal Budget but the Government faced a number of...