AustAsia Group

🏖️ The ATO is focusing on holiday homes – what owners need to know

If you own a holiday home or investment property that’s occasionally rented out, the ATO is paying closer attention this year.

In our latest article, we cover:

✔️ What the ATO is reviewing
✔️ Common mistakes property owners make
✔️ How to correctly apportion expenses between private and rental use
✔️ What records you need to keep
✔️ How to stay compliant and avoid penalties

Read the full article here:
https://www.austasiagroup.com/news/accountingtax/the-ato-is-focusing-on-holiday-homes-what-owners-need-to-know/

If you’re unsure whether your holiday home arrangements are compliant, now is the time to review them. As always, we're here to help. Reach out to us for tailored advice specific to your situation.

The ATO Is Focusing On Holiday Homes: What Owners Need To Know » AustAsia Group The ATO has recently updated its guidance on how it interprets the law in regards to holiday homes

🚗 Novated Lease: Is it the right choice for you?

With the cost of living and vehicle expenses continuing to evolve, our clients often ask us whether a novated lease still makes financial sense.

We’ve just published a new article that breaks down:

- What a novated lease is
- The potential benefits and considerations
- Who it may (and may not) be suitable for

If you’re considering a new vehicle or want to better understand your options, this is a great place to start.

https://www.austasiagroup.com/news/finance/novated-lease-is-it-the-right-choice-for-you/

As always, our team is here to help you make informed financial decisions.

Novated Lease: Is It the Right Choice for You? » AustAsia Group Convenient, tax-smart, but only when circumstances fit.