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

ATO encourages trustees to use voluntary disclosure service

The ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a...

Read full article

Most Popular Operating Systems 1999 – 2022

Check out the most Popular Operating Systems 1999 ...

Read full article

Beware of terminal illness payout time frame

If an SMSF member is diagnosed with a terminal illness, it is best not to close out the fund before the...

Read full article

Super sector in ASIC’s sights

The superannuation sector’s handling of retirement outcomes will be an area of focus for ASIC which has also...

Read full article

Capital losses can help reduce NALI

Capital losses can be used to reduce or eliminate NALI tax exposures in relation to a tainted capital gain...

Read full article

How investing regularly can propel your returns

Even investing small amounts on a regular basis will compound returns over time.  . Among many other...

Read full article

Investment and economic outlook, August 2024

Region-by-region economic outlook and latest forecasts for investment returns. . This month, we take a...

Read full article

What the Reserve Bank’s rates stance means for property borrowers

The funding gap between variable and fixed rate loans is continuing to widen. . Reserve Bank of...

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

^