ESF Partners
Nearby accountants
William Street
William Street
William Street
Bourke Street
Williams Street
William Street
Collins Street
Collins Street
3000
Level 42/600 Bourke Street
A leading chartered accounting and advisory firm specialising in accounting and taxation services for privately held businesses and private clients.
Expanding Potentials | Transporting Ambitions | Breathing Dreams
Tax time 2024 - Work-from-Home - top 5 questions
Your top 5 work-from-home questions We answer your questions about claiming work-from-home deductions for this tax time.
Income from renting out a room or your home must be included in your tax return. You can claim deductions for associated expenses.
Income and deductions for renting out your home Income from renting out a room or your home must be included in your tax return. You can claim for associated expenses.
Key takeaways from the 2024-25 Federal Budget
Tax concession
$300 electricity bill rebate in 2024-25 for all Australian households, plus personal tax cuts, and increased Commonwealth rent assistance.
Small business
Instant asset write-off for small businesses extended to 30 June 2025, plus $325 electricity bill rebate one million businesses.
Digital transformation
$1.7 billion over 10 years from 2024-25 to support innovation, commercialisation, pilot and demonstration projects in priority sectors.
Economic and fiscal outlook
Australia’s real GDP is forecast to grow 2 per cent in 2024-25, and the inflation rate is expected to average 2.75 per cent in 2024-25.
ATO flags 3 key focus areas for this tax time 2024.
- Incorrect claim of work-related expenses
- Inflated claims for rental properties
- Failure to include all income when lodging tax return
ATO flags 3 key focus areas for this tax time The ATO announces its priorities for Tax Time 2024.
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Level 40, 140 William Street
Melbourne, VIC
3000
Opening Hours
Monday | 9am - 5pm |
Tuesday | 9am - 5pm |
Wednesday | 9am - 5pm |
Thursday | 9am - 5pm |
Friday | 9am - 5pm |
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