Your guide to tax time

We’ve published a new small business tax time toolkit for 2022 to help you during tax time and throughout the year.

12 July 2022

Find updated links to useful information, tools, calculators, learning resources and other support and services.

You can also find updated and new small business fact sheets on what you need to do when:

  • claiming home-based business expenses
  • claiming motor vehicle expenses
  • claiming travel expenses
  • claiming digital product expenses
  • using business money and assets
  • pausing or permanently closing your business.

In addition, there is information on COVID-19 and fringe benefits tax, and new fact sheets for primary producers on:

  • landcare and riparian maintenance – expenses
  • preventing and preparing for fire emergencies – expenses
  • tree farming (forestry operations) – income and expenses.

If you have employees, our occupation-specific guides for individuals may help them understand what they need to report as well as what they can claim as a deduction.

We hope you find our guides helpful.

Remember, registered tax agents can help you with your tax.

See more

More Articles

Why crypto treads an uncertain path through tax minefield

The taxation of digital assets used for lending and borrowing would benefit from clear-sighted...

Read full article

Wheat Production by Country

Check out the countries that produce the most...

Read full article

Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’

Following years of mixed messaging, Labor has bowed to economic pressure and announced changes to its stage...

Read full article

Investment and economic outlook, January 2024

Region-by-region economic outlook and latest forecasts for investment returns. . What might shipping...

Read full article

Quarterly reporting regime means communication now paramount: expert

Communication between SMSF trustees, accountants and advisers is more crucial than ever with the quarterly...

Read full article

Four timeless principles for investing success

Investing success can mean different things to different people. Being clear on what success means for you is...

Read full article

Plan now to take advantage of 5-year carry forward rule: expert

This is the last year that the five-year catch-up contribution rules for concessional contributions can be...

Read full article

Super literacy low for cash-strapped

Financial literacy around superannuation is poor for many lower-income people, who still question why they...

Read full article

Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.

Financial Advice Sydney and the North Shore Office based in Gordon NSW

Financial Services Guide - Disclaimer & Privacy Policy