View our tax return checklist for individuals, available in print format or online!
REMINDER: The Low and Middle Income Tax Offset (LMITO) has now ended and does NOT apply to the 2022-2023 Financial Year. If you were eligible for the offset, you will notice a reduction in your tax refund amount this year.
Superannuation Contribution Guarantee for employees is increasing from 10.5% to 11% from 1 July 2023.
Most software will update this automatically, please check your pay run to ensure you are paying super at the correct rate.
Every year the ATO target specific areas of tax returns to ensure you are compliant.
It is now mandatory to keep a record of your working from home hours. To make a claim for the 22-23 year, there are two requirements
you must meet.
Rental properties are on the watchlist. Especially deductions. Have a look at the comprehensive list the ATO has published for rental
If you've sold a property, shares, crypto currency or any other assets in the 2023 Financial Year. It's important you claim these
From 1 July 2023, the threshold for the instant asset write-off will be $20,000 until 30 June 2024.
Instalments for PAYG and Tax will be reduced from 12% to 6% for the 23-24 financial year to help improve your cashflow.
Eligible assets or upgrades* first used or installed between 1 July 2023 and 30 June 2024 that support electrification and more efficient use of energy will receive an additional tax deduction up to $20,000.
*Total expenditure up to $100,000.
From 1 July 2026, employees super guarantee will need to be paid at the same time as their wages. Ensuring super is paid on time and in full.
The Government are working closely with the ATO to improve unpaid super recovery.
Effective from 1 July 2023, The FairWork Commission has announced the following wage increases:
These increases apply from the first full pay period starting on or after 1 July 2023.
Check your Award on the FairWork website now.
Effective from 30 June 2023, The FairWork Commission has announced the minimum wage for some aged care employees will
increase by 15%. This is in addition to the Award Minimum Wage increase.
The 15% increase applies from the first pay period starting on or after 30 June 2023. The minimum wage will then increase
again by 5.75% from the first pay period on or after 1 July 2023. For more information, see the link below.
Find out what our team has been up to in the past year