Where Is My Tax Refund?

Where Is My Tax Refund?

It can be frustrating having to wait for your tax refund. Especially so when you are super organised and get in to see us quickly. However, it is important to note that sometimes there are delays at the Australian Taxation Office, especially in peak Tax Season. So,...
Lake Macquarie Awards Season

Lake Macquarie Awards Season

It’s awards season in Lake Macquarie The middle of the year brings with it many changes. Shorter days, colder nights and the promise of being beach body ready for Summer, even though I accept that this is never going to happen for me. For Team Precision, the...
ATO actions on trusts

ATO actions on trusts

The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who make genuine mistakes or are uncertain about how the law applies to their circumstances. But even so, the ATO has a number...
Renting out part or all of your home

Renting out part or all of your home

If you rent out part or all of your home, the rent money you receive is generally regarded as assessable income. This means: you must declare your rental income in your income tax return, and you can claim deductions for the associated expenses you may not be entitled...