Blog
Immediate deductibility of capital start-up expenses
Immediate deductibility of capital start-up expenses From 1 July this year, new provisions apply to allow certain small businesses, or an entity that is not in business, to immediately claim some start-up costs, including business costs associated with raising capital. Claimable business-related start-up costs Expenses can be fully deductible in the year in which they...
Holiday rentals under the microscope
The ATO has advised that it is sending letters to taxpayers in approximately 500 postcodes across Australia, reminding them to only claim the deductions they are entitled to, for the periods a holiday home is rented out, or is genuinely available for rent. They advise that, to avoid making mistakes on their tax return, property...
ATO is using SMS messages to try and clear debt
The ATO has advised that it is using SMS and emails for promotional and information purposes. They say, if individual taxpayers receive an SMS or email claiming to be from the ATO, they can check the list of the ATO’s current activities to verify that is genuine. ATO messages will never ask for you to...
Happy New Financial Year
WELCOME to Financial Year 2015/2016. From all of us at Callaughan Partners we look forward to another great year and working with all our valued clients moving forward. CALLAUGHAN PARTNERS
ATO Warns on Phone Scams
The ATO has warned against a new scam making the rounds. It involves people calling you and intimidating people that they have an ATO debt and that they need to pay. The ATO advises that they will never take this approach to force people into paying their debts. If you are unsure if you are...
