by Camden Professionals | Jun 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Its Tax Time again and as you prepare for lodging your return we want to ensure why you need to understand the importance of lodging your returns and fulfilling your tax obligations. Lodging an income tax return is an important financial responsibility for individuals...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Now’s the time to review what strategies you can use to minimise your tax before 30 June 2023. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again) Deposit for an Investment...
by Camden Professionals | May 22, 2023 | Airbnb, ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions
A few quick actions may help put some extra cash back in your pocket. Check out our top tax tips before the tax year ends on 30 June. The end of the financial year is almost here and many Australians are looking to find ways to reduce their tax. Whist we encourage...
by Camden Professionals | May 10, 2023 | Announcements, ATO, Business, Federal Budget 2023 -2024, Income Tax Returns, Tax & Accounting
In a response to increasing cost of living pressures, the Labor government’s second budget has put the spotlight on easing the impacts of rising inflation and driving wage growth. It is clear the Government is committed to achieving responsible and targeted relief for...
by Camden Professionals | Apr 17, 2023 | ATO, How To, Income Tax Returns, Small Business, Small Business Tax Deductions, Tax & Accounting, Tax Deductions
As a tradie, it’s essential to understand the tax deductions you can claim to reduce your taxable income and maximise your tax refund. This article outlines five common tax deductions for both employee tradespeople (tradies) and business owner tradespeople (business...
by Camden Professionals | Mar 24, 2023 | ATO, How To, Income Tax Returns, Small Business, Superannuation, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
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