IN THIS ISSUE

Operating a business from home or generating income through online content creation can give rise to tax obligations that are easily overlooked. This issue outlines which home-based business expenses may be claimed, how using part of your home for business purposes can affect the CGT main residence exemption, and when content creators are considered to be carrying on a business.

We also report on the ATO’s credit card payment ban, which has been deferred until 30 June 2027. Other topics include when to provide a GST tax invoice, FBT on work cars, amending a lodged TPAR, and key tax dates through to March 2027.

HOME-BASED BUSINESSES

  • Deductions for home-based business expenses Changes

CGT IMPLICATIONS FOR HOME BASED BUSINESSES

FROM THE ATO

  • Payment by credit card
  • Content Creators – are you carrying on a business?

GST – WHEN TO PROVIDE A TAX INVOICE

  • FBT on cars

AMEND A LODGED TBAR

KEY TAX DATES