This month we look at: the $20k Small Business Energy Incentive, 'OnlyFans' tax risk warning, and the ATO rental property blitz.
- $20k Small Business Energy Incentive
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000. Page 1. Read More
- 'OnlyFans' Tax Risk Warning
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry. Page 2-3 Read More
- ATO Rental Property blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. Page 4-6 Read More
Quote of the month:
“Don't worry about failure; you only have to be right once.”
Drew Houston, Co-founder and CEO, Dropbox
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