by Camden Professionals | Jun 6, 2024 | EOFY, Small Business Tax Deductions, Small Business Tips, Tax & Accounting
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Bonus Deductions Small businesses can take advantage of several bonus deductions in 2023-24,...
by Camden Professionals | Jun 6, 2024 | EOFY, Income Tax Returns, Tax & Accounting
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Take Advantage of 1 July 2024 Tax Cuts: Maximize the benefit of the upcoming tax cuts by...
by Camden Professionals | May 27, 2024 | ATO, EOFY, Tax & Accounting, Tax Tips
As the end of the financial year approaches, Australians are looking for effective strategies to cut their tax bills. With the deadline looming on June 30th, it’s essential to act swiftly and strategically. Here are some last-minute tips to help you save on your tax...
by Camden Professionals | May 27, 2024 | ATO, EOFY, Property Investment, Tax & Accounting
As part of its ongoing efforts to ensure compliance and fairness within the tax system, the Australian Taxation Office (ATO) has announced its 2024 targets for rental property owners. This initiative aims to address common issues related to rental income reporting and...
by Camden Professionals | May 9, 2024 | ATO, EOFY, Income Tax Returns, Tax & Accounting
Last year saw a significant number of tax returns riddled with errors, prompting the Australian Taxation Office (ATO) to intensify its scrutiny on three primary fronts. Come tax season, the ATO will prioritise examinations of work-related tax deductions and rental...
by Camden Professionals | Jul 31, 2023 | Airbnb, ATO, EOFY, Property Investment, Property Tax, Tax Deductions
Have you purchased an investment property and want to find out what tax deductions you can claim? When carefully considered in line with your income, expenses, and any existing debt you hold, incorporating an investment property into your personal financial strategy...
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