Australian residents need a clearance certificate when selling property to prove they are not a foreign resident and prevent a portion of the sale price being withheld. Find out why foreign resident capital gains withholding (FRCGW) can occur and how to claim the credit back for your client.

From 1 July, eligible deductions for work-related self-education expenses will be claimed at Label D4 – self-education expenses; including those for work-related conferences, seminars and workshops previously claimed at D5. Your clients can check their eligibility for these expenses and estimate their deduction for their tax return using our self-education expenses calculator. 

Learn when the Commissioner may disregard the operation of Division 7A.

The Government announced for the 2023–24 and 2024–25 income years, the instant asset write-off threshold will increase.

The ATO warns rental property owners to ensure that their tax returns are correct this tax time.

From 1 July, high certainty data will cover Australian Government benefits and bank interest for joint account holders.

If your clients are professional firms, or get income from professional firms, help them meet their lodgment obligations, including statements of distribution.

If your client has a child support case, they must lodge a tax return or complete a non-lodgment advice every year. Services Australia uses the income reported on your clients tax return to work out how much child support they pay or receive. It’s important they lodge their tax return as soon as possible to make sure they’re paying or receiving the right amount. If they don’t, they may get a debt or overpayment.

If you have clients who receive Family Tax Benefit (FTB) or Child Care Subsidy (CCS), they and their partner must lodge their 2022–23 tax returns by 30 June.

If they don’t lodge by the deadline, Services Australia may require them to repay any money they received during the 2022–23 financial year. They may also miss out on any top-up payments that Services Australia pay after their payment is balanced.

From 1 July, there’ll be changes to the way you report and submit trust tax returns.