Introduction: Welcome to the official blog of Nationwide Financial, your trusted partner for all your accounting and financial planning needs in Australia. In this blog post, we will dive into the topic of Stage 3 tax cuts, providing you with a comprehensive...
Working from home has become the new normal, with many individuals finding themselves setting up home offices in order to carry out their jobs. The Australian Taxation Office (ATO) has made recent changes to the way individuals claim their home office expenses on...
With money becoming tighter as inflation rises, many people are looking to make some extra income from a ‘side hustle’. As we move towards a cashless society and transact more online, it’s becoming easier for the ATO to follow the money trail. Whether you rent your...
Tax offsets and temporary cuts were at the heart of this year’s Federal Budget as the government attempts to woo voters in the run-up to the election. Treasurer Josh Frydenberg emphasised the crucial role of his tax measures in helping Australians cope with the...
You may be entitled to the following tax offsets (rebates) and deductions for the year ended 30 June 2021. Deductions for expenses related to working from home due to the COVID-19 pandemic If you are working from home due to the COVID-19 pandemic and incur expenses...
After a year when the average superannuation balance fell slightly or, at best, moved sideways, the summer holidays could be a good opportunity to think about ways to boost your super while being mindful of tax. With the Reserve Bank reducing interest rates to...
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