If you have an existing tax debt with the ATO, it may soon cost you more. From 1 July 2025, two common ATO interest charges will no longer be tax deductible, meaning the after-tax cost of carrying tax debt will rise for many individuals and businesses. Which Interest Charges Are Affected? 1. General Interest Charge […]
Important Tax Update: Deductions for ATO Interest Charges Scrapped Read More »
Key Tax Due Dates for June As the end of the financial year approaches, the ATO has released important due dates for June 2025 lodgements, ensuring taxpayers and professionals stay compliant. Key dates include: 5 June 2025 21 June 2025 25 June 2025 30 June 2025 Stay ahead of your compliance obligations—mark these dates to
June 2025 Tax Due Dates Read More »
With the Labor Party now holding a majority in the House of Representatives, let’s take a closer look at their key campaign promises and some unfinished business from their last term. Individuals $1,000 instant work-related expenses deduction Energy rebate extension Cheaper home batteries 5% deposit scheme for first home buyers Superannuation Division 296 tax on
Labor’s Victory: Unpacking the Promises and Priorities Read More »
With the 2025 tax season fast approaching, the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work-related expenses. This comes after a string of claims that didn’t quite pass the “pub test.” Here are a few examples of what didn’t get through: These claims were all deemed personal in nature and
From Air Fryers to Swimwear: Tax Deductions to Avoid Read More »
Tax Insights & Updates: What You Need to Know This Month As 30 June approaches, the focus will be on ensuring that trustees turn their attention to making valid resolutions for trust distributions for the 2025 income year. The ATO has released some guidance on key things that need to be considered when working through
June 2025 Essential Tax Summary Read More »
After some delays, the Government has officially passed legislation to increase the instant asset write-off threshold to $20,000 for the 2024–25 financial year. This means if you run a small business with an annual turnover of less than $10 million, you may be able to claim an immediate tax deduction for any eligible asset (like
Instant Asset Write-off Threshold Finally Confirmed Read More »
Key Tax Due Dates for May Stay on top of important tax lodgment and payment deadlines this May to avoid penalties and ensure compliance. Here’s what’s due: 15 May 21 May 26 May 28 May Tip: If you paid super contributions late, you can offset those amounts, but you’ll still need to pay the remaining
May 2025 Tax Due Dates Read More »
With the end of the financial year coming up, it’s a great time to plan smartly. Here are some ways to boost your deductions—and a few areas the ATO is watching closely. Opportunities 1. Boosting Your SuperIf you’re looking to grow your super and haven’t used up your $30,000 concessional cap (which includes employer contributions
Year End Tax Planning Opportunities Read More »
Tax Insights & Updates: What You Need to Know This Month This month has been a bit quieter in terms of tax updates, partly because of the upcoming federal election. However, the ATO has provided another update on some practical issues to consider while we wait for the High Court to decide whether to hear
May 2025 Essential Tax Summary Read More »
Tax Insights & Updates: What You Need to Know This Month The extension of the instant asset write-off threshold to $20,000 for small business for 2024-25 has finally passed Parliament. The Bill also denies deductions for GIC and SIC amounts, and extends the ATO notification period for retaining refunds. The ATO’s appeal to the High
April 2025 Essential Tax Summary Read More »
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
