If you have recently bought a rental property, you will most likely be targeted for an audit by the Australian Taxation office. The ATO are targeting tax payers who are claiming a high amount of borrowing expenses in their income tax returns…

If you are lodging your 2009 Income Tax Return & you have foreign income and/or foreign losses in the current year or you quarantined foreign losses within the previous 10 years, this article should interest you…

The NRAS Tax Offset is a contribution by the Commonwealth Government of $6,000 annually for up to 10 years for each new dwelling rented to low and moderate income households at 20% below market rates. Learn how you can take advantage of this annual offset.

The Education Tax Refund introduces a new refundable tax offset to encourage parents to invest in certain education equipment for their children. Learn how you can claim a 50% refund on eligible expenses in your 2009 tax return…

If in the 2009 financial year, you acquired qualifying shares or rights from an employee share scheme, you must consider whether to make an election in your income tax return for 2009. Due to changes in the budget, you may not qualify for the $1,000 tax exemption…