New FY tax changes

Listen to a Preview

Running Time: 10:09

Date: 01/09/2023

About 5 million Australians claimed work-from-home expenses last financial year. Now, the ATO is cracking down on the fixed-rate method – you’ll need to record the total number of hours worked from home.

This is just one of the myriad of new rules the Tax Office has implemented this new financial year. Deepra Sen, Associate Director at Mazars, discusses that and other major tax changes of which business owners need to be aware.