On Point Tax

Accounting and Tax News

Working from Home Tax Deductions – Big Changes from 1st March 2023

ATO Crackdown Areas 2023 and 2024

Reading time: 2 mins

The ATO announced in May 2023 that they are focussing their attention on the following areas for Individuals.

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  • Working from Home Tax Deductions – Big Changes from 1st March 2023

    Working from Home Tax Deductions – Big Changes from 1st March 2023

    Reading time: 2 mins

    The fixed-rate method (which was 52c per hour) has been revised with big changes. Find out more about changes to work from home deductions in 2023.

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  • Documents for lodging your tax return

    Lodging a tax return

    Reading time: 4 mins

    There are a few factors that come into lodging your Australian tax return correctly. Read Chris' article to see what is best path forward for you.

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  • Tax documents and a calculator

    Tax Losses

    Reading time: 5 mins

    What happens when the total deductions you can claim are greater than your total income for the income year? Chris explains some of the complexities with submitting a loss at tax time in Australia.

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  • Freelancer providing personal services

    Personal services income

    Reading time: 3 mins

    If you operate your business through a company or a trust, income earned by the company or trust from the provision of your personal services will be attributed to you unless...

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  • Couple getting their personal tax sorted with On Point Tax

    Superannuation, Holiday Rentals and Claiming Deductions

    Reading time: 2 mins

    The Government recently released draft legislation which will establish a First Home Super Saver Scheme, and allow a special “downsizing” contribution into superannuation.

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