Emily went to the Xero Roadshow today on the Sunshine Coast and these are the key takeaways for what’s coming out over the next few months

Changed Record Keeping Requirements to Claim Tax Deductions for Working from Home from 2023. The ATO has released Draft guidance on what you can claim. Start reading and get sorted now!

What can I claim at end of year tax time? If you’re an individual taxpayer keep this handy checklist on hand.

The ATO work related car expense deduction is set to rise to $0.75/km from 01 July 2022. Given that petrol prices are expected to reach $2.50/Litre is the ATO rate enough?

The rise in the work-related car expense deduction to 75¢ a kilometre from July fails to reflect the reality, said accounting bodies, and will leave millions of taxpayers short-changed.