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ATO turns up the heat on holiday home deductions

Accountants must ensure to ask all the right questions about what clients really do with their summer houses.

Holiday home owners tax deductions in spotlight: ATO

Validity of property owners’ holiday home claims key part of tax crackdown, the ATO has explained.  

ATO targets dodgy deductions for holiday homes

Thousands of dollars in claims “that would fail the pub test” contribute to $1.6bn tax shortfall, assistant commissioner says.

Quiz clients closely on crypto or risk tax pitfalls

Many fail to understand the compliance implications of trading and transacting digital assets, says crypto software specialist. Thoroughly quiz clients about their crypto holdings because many fail

Crypto a minefield of tax and regulation | Accountants Daily

Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned. Crypto taxation and regulation is a “minefield” so follow ATO guidelines to the letter or run

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