Julia's Blog
By Julia Hartman
Download PDF With over 2 percent of the taxpayers in our group being classified by the ATO as having compromised tax file numbers (TFN), I started asking questions of the ATO. This percentage increases every year because there was no way a taxpayer could become uncompromised or obtain a new TFN. A compromised TFN …
Download PDF This blog is directed at owners of strata units that are used to produce income. Note this includes owner occupiers where there is income earned by the body corporate from common property. It is also relevant to committee members who are concerned about the body corporate’s tax obligations. Tax Deduction for Body …
Download PDF ATO interest charged after 1st July, 2025 will no longer be tax deductible. A measure budgeted to raise $500million over the 3 years forward estimates period. The current ATO interest rate is 11.17% for the GIC, payable when you have not paid a debt you know you owe. The SIC is 7.17%, …
“Scams don’t just steal your money — they steal your peace of mind.”— Unknown Sadly, the world is being taken over by AI — and with it, a tidal wave of fake content. This morning alone, my inbox has been flooded with reports of scam emails spreading blatant lies about superannuation. These messages claim that super withdrawals are being …
Download PDF General Deductions: You can only pay a maximum of 12 months in advance. In the case of interest payments check if the bank will let you do this and that they do treat it as an interest payment not just let it reduce the loan balance. If you pay rates, insurance …