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A home for tax nerds.

Hi, I’m Ken. Being a stay at home Dad to two amazing boys and one awesome wife is wonderful, but it does keep me away from my fourth love – TAX. So here I write on what is happening in tax that exits me, and hopefully it will excite you as well…

Working from home deductions post COVID-19

Draft Practical Compliance Guideline PCG 2022/D4 Claiming a deduction for additional running expenses incurred while working from home – ATO compliance approach The Commissioner has come up with his new rate for working from home deductions post COVID-19. To get this new 67 cent an hour rate you need be working from home while carrying out your employment […]

Budget – don’t blink and you will miss it…

There was a time when we would spend hours every Budget night modelling the tax and super changes to help our clients understand what they mean for themselves and their businesses… but last night we all got a very early night. I know we all were interested in the fact that diplomatic and consular representations […]

Boosts are back

In its pre election budget, the previous Government announced two “boosts”… A skills and training boost and a technology investment boost. Well it looks like the new government has decided to continue with these as the Treasury has released draft legislation for both the skills and training boost and a technology investment boost. Technology investment […]

What is a fair share of tax

from Taxation Statistics 2020… In the 2020 tax year, there were 15,000,000 individuals that lodged tax returns, with net tax of $225 billion. 3% of these individuals who lodged tax returns (445,000 people) who had the highest incomes paid 29% of all of this tax (over $65 billion) 9% of these individuals who lodged tax […]

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