Your Guide to Investment Property Tax Deductions for Repairs Ahead of EOFY
As we approach the end of the financial year, it’s a good time for property investors to review how they’re claiming investment property tax deductions, particularly when it comes to repairs and maintenance. The ATO has identified several common mistakes in tax returns, particularly among those who own rental properties. One frequent error is claiming […]
Make Sure Your Trust Income Distributions Count Before 30 June 2025
The End of Finacial Year is fast approaching and if you conduct your business or hold investments through a discretionary trust, it’s critical to ensure your trust income distributions are properly documented before the clock strikes midnight on 30 June. Without a valid trustee income distribution resolution in place, the resolution is ineffective for tax […]
Working from Home Tax Deductions: What You Need to Know for the EOFY
If you’ve spent time working from home during the 2024/2025 financial year, it’s important to understand the latest rules around claiming a tax deduction. The Australian Tax Office (ATO) has made changes to how people can claim working from home tax deductions, and knowing the difference in these methods could make a meaningful difference at […]
Get Ahead of Tax Time: EOFY Planning with a Geelong EOFY Accountant
With the end of the 2025 financial year fast approaching, now is the time to start planning your year-end strategy. June often moves quickly, so it pays to get ahead by reviewing your position and working with an experienced EOFY accountant to prepare and plan with purpose. If you haven’t already, ensure your accounts are […]