The ATO’s shortcut method for calculating work from home expenses was introduced in 2020 during the pandemic. Now Australians who continue to work from home after June 2022 are being warned to keep accurate records of their working from home expenses as the shortcut method is coming to an end.
Tax time 2022 is fast approaching, and this financial year, the ATO will again be focusing on a few key areas to ensure Australians are doing the right thing and paying the right amount of tax.
We saw a change of government when Labor won the election on Saturday night, but what does this mean for your taxes?
Several tax changes apply in the 2021/22 income year. A brief summary is provided in this newsletter. There may be some advantages in acting on some of these items before 30 June 2022
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